Eldico secures fresh funding to fuel global expansion

28.10.2024

Currently, more than 100 customers worldwide rely on ELDICO Scientific, a specialist in electron diffraction technology for crystallography. The company has closed a significant funding round from institutional and private investors to accelerate its global expansion and bolster its commercial operations.

Founded in 2019 and based at the Main Campus of the Switzerland Innovation Park Basel Area, ELDICO has quickly established itself as a leader in electron diffraction. The company's flagship product, the ELDICO ED-1 electron diffractometer, has radically transformed the analysis of nano-crystalline materials, enabling researchers to characterize samples that traditional methods like X-ray diffraction cannot measure. This technology allows for data collection in hours rather than days, significantly enhancing research efficiency. The company’s hybrid business model allows customers to either purchase the ED-1 outright or utilize its Measurements-as-a-Service (MaaS) offering.

ELDICO has garnered interest from various industries, particularly pharmaceuticals, agrochemicals, and advanced materials. These sectors require precise structural analysis of nano-crystalline materials, a need that ELDICO's ED-1 effectively addresses by eliminating the necessity for large crystal growth. Currently, ELDICO serves over 100 companies globally, including prominent clients such as Boehringer Ingelheim and Roche.

The strategic partnership with Triclinic Labs, a US-based contract research organization specializing in solid-state chemical development and analytical services, marks a significant milestone in ELDICO's expansion into the North American market. The company has installed the first ELDICO ED-1 device at Triclinic Labs with plans for further installations on the roadmap, as the company strengthens its presence in the US. The startup is already exploring opportunities to establish a service hub to enhance support for its growing client base in the new market.

Beyond the US market, the startup is also forging collaborations with distribution partners in India and China to scale up system sales and continue shaping the future of crystallography on a global scale.

The latest investment attracted a combination of institutional and private investors, primarily from Europe and Switzerland. The funding will fuel the company's global expansion and strengthen its commercial operations.

The company currently employs 12 highly skilled professionals, including five PhDs specializing in crystallography and related fields. ELDICO has recently bolstered its leadership team with the appointment of James Berwick as CEO and Rolf Burgmer as CTO. James has a wealth of experience and a proven track record in the scientific and technological domain, while Rolf is an experienced engineer, particularly in particle accelerator technologies, and has led several operational excellence projects in regulated industries.

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