Scale-up production, expand US -Sales: JENETRIC GmbH pursues ambitious goals with the third funding round

The German biometrics company was able to inspire its investors to participate in another investment round and win a new Business Angel.

After a very successful year, the German biometrics company looks ahead into a financially secure future. JENETRIC’s investors confirmed additional funding for a third investment round. The company was supported by VENTRADA Corporate Finance GmbH in the planning of the new investment round.

“A strategy consequently focused on revenue and extension of the product portfolio has convinced us to once more invest into the powerful JENETRIC team”, said Karin Rabe, investment manager at bm|t, the investment company of the Free State of Thuringia.

Furthermore, the “High-Tech Gründerfonds (HTGF)“ wants to engage again. The JENETRIC management is particularly pleased that apart from Prof. Dr. Franz Schmidt another Thuringian business angel teams up. “I am looking forward to actively support the development of JENETRIC as new investor. I am convinced that the innovative products will not only become globally compatible but also gain a leading market position”, said Dr. Uwe Trautmann.

“Our investors’ trust inspires and motivates us further. With the additional funds we mainly want to expand our production capacity and hit the ground running in the U.S. market”, said Roberto Wolfer, one of the founders and CEO of JENETRIC. To provide their customers in the U.S. with the best possible service, the company plans to establish a subsidiary there next year. “The U.S.A. are pioneers and one of the most important markets for biometrics. For us the proximity to the critical multipliers of the industry is essential. This is the only way we can ensure the requirements for future biometric applications are captured in time and hence implemented in our products.”

The company already has two unique fingerprint scanners on the market: the LIVETOUCH® quattro with integrated user guidance and the very compact module LIVETOUCH quattro Compact for the integration into portable enrolment kits. JENETRIC will expand its product range in the coming year. The future LIVETOUCH quattro Mobile will be the first product from the LIVETOUCH product family supporting the mobile enrolment of fingerprints.