Matriq, a St. Gallen-based startup offering next-generation marking of plastics products, has secured CHF 4.2 million in a late-seed round. With implementation started in the DACH and Italian markets, the startup will use the funds to advance its flagship product further and expand the sales and service organization in Europe and USA.
The round was led by an industrial investor and joined by FT AG, InnoHolding, Fortyone AG, Fortimo Business AG, Zürcher Kantonalbank (ZKB), Venture Kick and by matriq’s seed investors.
Founded in 2019, as a spinoff from OST Ostschweizer Fachhochschule (the former NTB Buchs), matriq has developed “the unique watermark for plastics”, a marking solution to enable identity, traceability, and brand trust for plastics products for MedTech, automotive and industrial applications. matriq offers a completely novel method to individually mark plastic parts with a camera-readable 2D code directly in the forming processes, such as injection moulding.
DM-date, matriq`s first product, was launched earlier this year and constitutes the world’s first digital date and time stamp for injection moulding. DM-date, a tiny mould insert, marks each part automatically with the exact manufacturing time and date. “I see a huge potential for “DynamicMold”. The new flagship product will radically change the global marking industry,” says Reto Zürcher, CEO of HB-Therm, who has invested in matriq and was elected member of the board of directors.
Today, matriq has started implementing its DynamicMold technology with customers in Switzerland, Germany, Austria, and Italy. This opens the European market of over 14’000 plastics manufacturers with around 200’000 installed manufacturing machines, summing up to 35% of the 280 bn EUR global plastic injection molding market. In addition, the request for marking products is growing rapidly.
“Our investors are aware of the huge market opportunity and disruptive potential of our DynamicMold solution”, says co-founder and CEO André Bernard. “Having the majority of our first-round investors join this financing round is a strong sign of trust – I am very grateful.”
(Press release/RAN)
Photo L-R: DM-date, date-and-time-marked plastic, and the team
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