U
UgenTec
Data analytics software for lab technicians
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.
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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jan 2023 | $0 | — | Velsera | ↗ |
| SERIES A✓Equity / VC | Mar 2018 | $9.3M | $37M | imec · Gemma Frisius Fund - GFF · Herman Verrelst · LRM | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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- HVHerman 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
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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