Wednesday, April 27, 2016

bentekk receives seed funding

Matthias Schmittmann and Johannes Weber, alumni of the NIT Northern Institute of Technology Management, successfully completed a seed funding round for their start-up bentekk. The High-Tech Gründerfonds (HTGF) and the Innovationsstarter Fonds Hamburg (IFH) invest a six-figure sum in the manufacturer of measurement instruments for toxic industrial gases. The funding is used to open up the German-speaking market and to develop a second product version for use in explosive atmospheres.

Small box, sensible sensors: With the first product X-PID bentekk is a pioneer in the field of mobile gas chromatography. The measuring instrument detects benzene and other toxic volatile organic compounds in very low concentrations. The aim is to enhance safety for workers through improved monitoring of threshold limit values of toxic gases. With its simple handling and sensitive measurement technology bentekk convinced HTGF and IFH. "bentekk with its X-PID has developed a mobile, accurate, fast and cost-effective solution, which is new to the market”, Lucille Bonnet, investment manager at HTGF, explains the decision to support the young company. “We see great potential and benefits for various industries based on this technology platform." Gencer Sahin, investment manager at IFH, adds: "X-PID closes a gap in the market for mobile gas chromatography. The measurement instrument is the only existing portable solution on the market that is able to detect the announced stricter threshold limit values for benzene."

The funding is used to develop a second product version that can be certified for the use in potentially explosive gas atmospheres. Additionally, the market opened up by strengthening direct sales in Germany and building an international distribution network.

About the company bentekk GmbH
bentekk GmbH is a spin-off of the Hamburg University of Technology (TUHH) and the NIT Northern Institute of Technology Management (NIT). The founders Matthias Schmittmann and Johannes Weber have conducted related research since the end of 2013. The company was founded during the Entrepreneurial Management course at NIT in November 2014 as a spin-off of the Hamburg University of Technology (TUHH). bentekk develops selective measurement technologies for the determination of contaminants on-site. In January 2016, the team led by chemical engineer Matthias Schmittmann and the industrial engineer Johannes Weber entered the market with the product X-PID by selling and renting instruments to industrial companies. bentekk was funded by the BMWi program EXIST-Gründerstipendium and the program InnoRampUp by the Investitions- und Förderbank Hamburg (IFB).

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