ELDICO Scientific raises CHF 2.5 million for market entry and production launch
06.08.2021
Founded in 2019, the technology and service company received CHF 2.5 million from private and institutional investors in a second round of financing. Hans Kühn, an experienced supply chain expert, has been appointed to its board of directors. ELDICO Scientific was a Venture Kick winner in 2020.
 The ELDICO team (from left to right): Dr. Gustavo Santiso (CSO), Nils Gebhardt (CFO), Dr. Eric Hovestreydt (CEO), Dr. Gunther Steinfeld (CIO)
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ELDICO Scientific, a startup and technology and service provider in the field of nano-analytical instrumentation, has successfully closed a second round of financing. Positioned in the round as Pre-Series A, the company raised CHF 2.5 million from private and institutional investors, among them Aargauische Kantonalbank (AKB) and Zürcher Kantonalbank (ZKB). Since its incorporation in 2019, ELDICO has thus raised a total of CHF 4 million in investments.
These funds have enabled the company to achieve proof-of-concept on its own prototype and bring a first systems sale to the finish line. Now preparations are underway to launch production. To this end, ELDICO has brought on board Hans Kühn, an internationally experienced production and supply chain expert, as a member of the company’s board of directors. Market entry is imminent. ELDICO will present its system at the 25th World Congress of the International Union of Crystallography IUCr, to be held in Prague (CZ) from 14 to 21 August 2021 with up to 3,000 visitors.
“With the help of our unique electron diffractometer, companies in the pharmaceutical, battery, and new materials industries will be able to catalyze innovation and growth,” said Dr. Eric Hovestreydt, founder and CEO of ELDICO.
“We want to address the challenges associated with serial production professionally, at an early stage. That is why we are excited about the strengths Hans will be bringing to the table at ELDICO,” said Nils Gebhardt, co-founder and CFO of ELDICO.
The first operational system will be commissioned in September 2021 for a consortium of industrial and academic users. Preparation of series production will then begin. OEM contracts have already been concluded with important suppliers – including Dectris, a supplier of detectors and based in Baden-Dättwil. ELDICO has only recently expanded its sales team with an application scientist and a sales manager.
Nanocrystallography has a broad field of application, but there have not been any specific analytical instruments available until now. The electron diffractometer is a fundamentally new concept that ELDICO has now made ready for the market. Future users of the ELDICO technology, besides academic and industrial research institutes, will especially include companies in the pharmaceutical industry, battery manufacturers, and the advanced materials sector.
ELDIO Scientific was a Venture Kick winner in 2020.
These funds have enabled the company to achieve proof-of-concept on its own prototype and bring a first systems sale to the finish line. Now preparations are underway to launch production. To this end, ELDICO has brought on board Hans Kühn, an internationally experienced production and supply chain expert, as a member of the company’s board of directors. Market entry is imminent. ELDICO will present its system at the 25th World Congress of the International Union of Crystallography IUCr, to be held in Prague (CZ) from 14 to 21 August 2021 with up to 3,000 visitors.
“With the help of our unique electron diffractometer, companies in the pharmaceutical, battery, and new materials industries will be able to catalyze innovation and growth,” said Dr. Eric Hovestreydt, founder and CEO of ELDICO.
“We want to address the challenges associated with serial production professionally, at an early stage. That is why we are excited about the strengths Hans will be bringing to the table at ELDICO,” said Nils Gebhardt, co-founder and CFO of ELDICO.
The first operational system will be commissioned in September 2021 for a consortium of industrial and academic users. Preparation of series production will then begin. OEM contracts have already been concluded with important suppliers – including Dectris, a supplier of detectors and based in Baden-Dättwil. ELDICO has only recently expanded its sales team with an application scientist and a sales manager.
Nanocrystallography has a broad field of application, but there have not been any specific analytical instruments available until now. The electron diffractometer is a fundamentally new concept that ELDICO has now made ready for the market. Future users of the ELDICO technology, besides academic and industrial research institutes, will especially include companies in the pharmaceutical industry, battery manufacturers, and the advanced materials sector.
ELDIO Scientific was a Venture Kick winner in 2020.