Matriq has banked a total of 4.2 million Swiss francs as part of a late seed financing round. This was led by an industrial investor, with the financing round additionally being supported by FT AG, InnoHolding, Fortyone AG, Fortimo Business AG, ZKB (the cantonal bank of Zurich) and Venture Kick, in addition to existing investors.
Matriq was founded in 2019 as a spin-off from OST - Eastern Switzerland University of Applied Sciences. The company has developed a watermark for plastic parts. A digital time and date stamp known as DynamicMold automatically marks each component manufactured as part of an injection molding process. According to a press release issued by Venture Kick, this ensures “identity, traceability, and brand trust” for plastics products used, for example, in medical technology, the automotive sector and for industrial applications.
The start-up has just started implementing its DynamicMold technology for customers in Switzerland, Germany, Austria and Italy. According to André Bernard, CEO and co-founder of Matriq, the company intends to use the fresh capital to “expand our sales activity into Europe and the US market. We further develop the software solution to enable the digital twin of every part produced enhanced with all their production process parameters in the cloud”.
Reto Zürcher, CEO of HB-Therm, a manufacturer of temperature control devices that has invested in Matriq, sees “huge potential for DynamicMold”. Zürcher, who has now also been elected as a member of the Board of Directors at Matriq, also expressed his view that the new flagship product looks set to “radically change the global marking industry”.
