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UgenTec

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Data analytics software for lab technicians

Hasselt, BelgiumFounded 2014Biotech & Life Sciences
Valuation $25–50M Last recorded · 2018
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About UgenTec

UgenTec, founded in 2014 by Wouter Uten and Tom Martens, is a software provider for molecular laboratories. The company developed out of an idea Uten had while studying Electronics-ICT to automate PCR test analysis for a biotech company. Realizing the broader potential, he acquired the intellectual property and co-founded UgenTec. The company is headquartered in Hasselt, Belgium, with a US office in Boston, MA.

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The company's core offering is the FastFinder platform, a Software as a Service (SaaS) solution that uses artificial intelligence to automate and standardize molecular workflows. The platform is modular and includes features for analysis, workflow management, quality control, and genotyping. It is designed to be instrument-agnostic, integrating with various PCR devices and laboratory information management systems (LIMS) to reduce analysis time and improve reliability. UgenTec serves clinical molecular diagnostics labs, veterinary health, crop science, and assay and instrument providers.

In December 2017, Steven Verhoeven, previously head of genomics software at Agilent Technologies, was appointed CEO to scale the company's growth, while Wouter Uten transitioned to Chief Operations Officer. Over the years, UgenTec raised a total of $13 million in funding over nine rounds from investors including LRM, BNP Paribas Fortis, and imec.istart. In January 2023, UgenTec was acquired by the investment fund Summa Equity and merged with Pierian and Seven Bridges to form Velsera, a new precision medicine company. Following the acquisition, Wouter Uten became Chief Product Officer at Velsera, and Steven Verhoeven took the role of Chief Operating Officer.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2014
Headquarters
Hasselt, Belgium
Employees
2
Open positions
None listed
Dealroom signal
59.3/100
Industry
Health
Sub-industry
BioTechnology, Health Platform
Sector
Biotech & Life Sciences, Supply Chain Management, Analytics, Data Analytics, Biotechnology, DNA, Genetics and genomics
Technology
Artificial Intelligence, Deep Tech, Machine Learning
Business model
SaaS
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jan 2023 $0 — Velsera ↗
SERIES A✓Equity / VC Mar 2018 $9.3M $37M imec · Gemma Frisius Fund - GFF · Herman Verrelst · LRM ↗
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

UgenTec website traffic

Latest recorded traffic for UgenTec is 280 monthly website visits, down 86.7% over the last three months. UgenTec's team declined 50% over the past year.

Latest monthly visits280 3-month web change-86.7% 1-year team growth-50%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council

Series A5 investors entered at this stage

  • imec
  • Gemma Frisius Fund - GFF
  • Herman Verrelst
  • LRM
  • Annie Vereecken

Other known investors7 additional known investors

  • 28DIGITAL Accelerator
  • imec.istart
  • KU Leuven
  • Velsera
  • Corda Campus
  • HERAN Partners
  • imec.istart future fund
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇧🇪 Belgium100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about UgenTec on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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