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.