The manufacturer of measurement instruments for toxic industrial gases bentekk successfully completes a seed funding round. The High-Tech Gründerfonds (HTGF) and the Innovationsstarter Fonds Hamburg (IFH) invest a six-figure sum in the Hamburg-based company. The handheld X-PID allows fast and selective measurements of carcinogenic organic compounds as benzene and increases safety at work in the oil, gas and chemical industry. The funding is used to open up the German-speaking market and to develop a second product version for use in explosive atmospheres.
The Hamburg-based manufacturer of gas detection technology for on-site analysis wants to enhance safety for workers through improved monitoring of threshold limit values of toxic gases.
bentekk GmbH is a spin-off of the Hamburg University of Technology (TUHH) and the NIT Northern Institute of Technology Management. The founders Matthias Schmittmann and Johannes Weber have conducted related research since the end of 2013.
The first product X-PID is a handheld gas detector for fast and selective measurements of benzene and other toxic volatile organic compounds (VOC) in very low concentrations. Primary use cases are clearance measurements in the oil, gas, petrochemical and chemical industry during shutdowns and turnarounds.
“Our measurement system is based on the technologies multi-capillary column gas chromatography and photoionization detection (MCC-GC-PID). In addition, the product is characterized by a modern approach to data management” says Schmittmann. The control of the measuring device through a mobile app and the connection with a web platform allow additional services and business models.
Lucille Bonnet, investment manager at HTGF is convinced: “bentekk with its X-PID has developed a mobile, accurate, fast and cost-effective solution, which is new to the market. We see great potential and benefits for various industries based on this technology platform.”
Gencer Sahin, investment manager at IFH, adds: “X-PID closes a gap in the market for mobile gas chromatography. The measurement instrument is the only existing portable solution on the market that is able to detect the always stricter regulatory threshold values for benzene.”
The funding is used to develop a second product version to be certified for the use in potentially explosive gas atmospheres, to strengthen direct sales in Germany and build an international distribution network.