UmBio AB, a Umeå, Sweden-based provider of consulting services and software solutions for data analysis to biotech companies, has raised SEK6.8m in venture capital funding.
Investors include Partnerinvest Norr, Sparbanksstiftelsen Norrlands Riskkapitalstiftelse and Norrlandsfonden.
UmBio’s technology is designed to improve quality control of Food products by providing a Q&A solution that allows to directly detected chemical content including substandard raw materials, contaminants such as pieces of plastic materials, and product defects, in the manufacturing process.
Among others, customers include Arla Foods, Danisco, University of Oxford, Merck SeQuant, VTT, Stellenbosch University, Pfizer, Creative Antibiotics, and NeuroSearch.
The company is led by CEO Stefan Nordin.
FinSMEs
25/01/2011