Tecan Group AG: Tecan invests in Labforward to further drive lab digitalization
Tecan participates as lead investor in series B financing round of Labforward, a provider of smart lab software tools for research labs
Investment of EUR 4 million builds on ongoing collaboration with Labforward in the area of connectivity tools for Tecan detection devices
Männedorf, Switzerland, January 11, 2021 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has participated as lead investor in a series B financing round of Labforward GmbH, a provider of smart lab software tools for research labs. With the EUR 4.0 million investment (CHF 4.3 million) in the Berlin-based company, Tecan has acquired a 10% stake in Labforward. The investment builds on an ongoing collaboration in the area of connectivity tools for Tecan detection devices and supports Tecan's strategy to expand its growing digital offering in an open digital ecosystem.