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Laboratory SaaS provider Labforward ramps up Series B financing to >EUR8 5 million in second closing

Laboratory SaaS provider Labforward ramps up Series B financing to >EUR8.5 million in second closing Berlin, 05/04/2021: With the successful completion of a second closing, Labforward adds >EUR3m to the Series B from January, bringing the total funds raised to >EUR8.5m. The majority of the new investment comes from the Fielmann Family Office, majority owner of the leading German family business of the same name that serves its 27m customers across 15 European markets with eyewear and hearing aids. Labforward has completed a second closing for its Series B. The family office of the Fielmann family, the existing investor IBB Ventures as well as existing and new business angels invest in the laboratory software company with headquarters in Berlin, Germany.

Tecan Group AG: Tecan invests in Labforward to further drive lab digitalization

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.

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