Fluidan, a Lyngby, Denmark-based developer of technology for characterization of liquid fluid properties (rheology), raised DKK7m (approx. €940k) in funding.
Backers included SDTI, Christian Nielsen Foundation and private investors.
The company intends to use the funds to continue to develop the technology.
Founded in late 2014 by Fridolin Okkels, CTO and inventor of the technology, and Anders L. Østergård, CEO and business developer, Fluidan has developed the RheoStream™ instrument, which allows manufacturers to measure the flow characteristics of fluids in the production.
The RheoStream technology can be used in the production of liquids with complex flow properties, such as food, paint, shampoo and more.
The company is a spinout from the Technical University of Denmark (DTU), Department of Micro- and Nanotechnology.