UgenTec, a Belgium-based university spinout that has developed quick diagnostic software to replace manual DNA analysis, has raised €1.35m ($1.46m) from a consortium including the Flemish government-backed Agency for Innovation by Science and Technology (IWT).
IWT invested €250,000 into UgenTec while the remaining funds came from a group of Belgium investors (€1m) and a Belgium-based investment company LRM (€100,000).
Tom Martens, co-founder of UgenTec, said: “There’s an increasing demand for DNA analyses in laboratories, so they want to accelerate this…
