matriq AG raises CHF 1.75 million in Series A financing round to accelerate its first product launch
scroll south
St. Gallen based matriq AG raised CHF 1.75 million in an oversubscribed Series A funding round led by a number of private investors and supplemented by the Startfeld Foundation. The NTB spin-off, founded in October 2019, has developed the unique watermark for plastics—an innovative patented marking solution with an individual 2D code for traceability and authenticity that is added to every plastic product directly in the forming process.
matriq was a Venture Kick winner earlier this year. matriq’s first product, the DM-date—the world’s first digital date stamp for injection molding—is being launched in Q4 2020.
Today, many products must be tracked during their entire life cycle, particularly in automotive and medtech. For plastic products, this marking is often made by laser, inkjet, or adhesive labels. Laser marking is often no option since it needs additives in the polymer that are not compatible for medical use. matriq's DynamicMold® technology can be compared to a branding iron, only that it is smart, individually addressable, microfabricated, and nanostructured: It makes it possible to mark plastic components as well as plastic foils directly with an individual code for each component during the primary forming or reshaping processes.
The startup was founded by four engineers and scientist of the University of Applied Sciences Buchs NTB: The former head of the institute for micro- and nanotechnology MNT, Dr. André Bernard, joined forces with Klaus Dietrich, Dr. Cornelia Nef, and Mathias Mächler to spin-off matriq AG. matriq has seven team members and is hosted in Startfeld, St. Gallen's innovation center.
As of July 2020, matriq has also installed a new board of directors: Martin Angehrn (entrepreneur, investor, CEO, and board member, formerly CC Angehrn) acts as the chairman, Andreas Schmidheini (entrepreneur, formerly CEO and now chairman of varioprint AG, Heiden), Franz Koller (entrepreneur, CEO, and former VR at Hoegger AG, Flawil), as well as André Bernard and Klaus Dietrich.
matriq AG: The unique individual watermark for plastics products
Our DynamicMold technology facilitates marking plastic components directly inside the primary forming process with an individual and unique watermark code: for each product individually, machine reada... Read more
