Success for JENETRIC GmbH in the third funding round.

VENTRADA advised high-tech start-up JENETRIC GmbH in its third funding round. JENETRIC was established in May 2014 by former employees of Jenaer Cross Match Technologies GmbH. JENETRIC focuses on the development and global marketing of innovative palm and fingerprint scanners. The company is pursuing the development of new products. International approval (including FBI certification) has already been granted for its practical small-scale devices.

VENTRADA helped JENETRIC prepare for funding by providing due diligence (company analysis) services, creating a detailed medium-term plan, an investment memorandum and a company valuation. The company recently announced that it had secured another round of funding from existing investors (including bm-t and HTGF) and another business angel.