We make particle analysis accessible with our patented spectroscopy solutions
Business overview
| Location | Farum, Denmark |
|---|---|
| Social media | |
| Website | cphnano.com |
| Sectors | SaaS/PaaS Mixed Digital/Non-Digital B2B |
| Company number | DK37293903 |
| Incorporation date | 11 Dec 2015 |
Investment summary
Business highlights
- A paradigm shift in nanoparticle testing sold in 25 markets
- Rapidly growing need for particle testing, but labs are expensive
- Simplified via UV-VIS spectroscopy, reducing costs by over 99%
- Patents and license agreements protecting IP and technology
Key features
Idea
Introduction
Copenhagen Nanosystems is an innovative company with the goal to enable affordable monitoring of micro- and nano-particles.
In recent years, a new issue has emerged: the ever-growing presence of micro- and nano-particles. Micro-plastics are in our drinking water, micro-particles play a crucial role in the production of pharmaceuticals, and skin care producers must take care to prevent nano-particles from being able to enter our bodies.
Laboratories that can perform accurate particle testing are few and far between. This is due to the expensive equipment and the high skill level needed to operate it, but that is all changing now.
The new technologies from Copenhagen Nanosystems mean that the cost of getting started is reduced by over 99%.
Our vision is to make next-generation particle testing accessible to everyone in any measurement environment. We are looking to turn Copenhagen Nanosystems into a key player in the market, and we would love for you to be part of our journey.
Substantial accomplishments to date
2017: IP License agreement with The Technical University of Denmark signed.
2017: First soft-funding grant won.
2017: First Angel Investment after securing IP rights.
2020: First major distribution agreement signed.
2020: First institutional investor invests.
2022: IoT solution is shipped to the first customer, enabling smart connectivity for users worldwide.
2022: Winner of KPMG Global Tech Innovator in Denmark.
2023: Our commercial sales channel network reaches 20+ countries.
2023: Patent granted, securing the IP behind particle testing solutions.
Monetisation strategy
We generate revenue through product sales and services. We sell consumables and upgrades for laboratory equipment around the world through our trusted resellers and partners.
Use of proceeds
Here is a breakdown of the use of proceeds:
1. Salaries for commercial and R&D staff: 51%
2. Marketing expenses: 10%
3. Facilities and production upgrades: 13%
4. IP, admin and regulatory costs: 21%
5. Other 5%
We believe that these expenses are essential in order to reach our goals and financial forecast.
Investors Perks
Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company. It is the company’s responsibility to honour such discounts, rewards and/or offers, and Seedrs does not take any responsibility for them.
Key Information
IP License Agreement
The company owns intellectual property related to the SpectroWorks™ and SpectroLink™products as well as patented rights related to the NanoCuvette™ S product.
In addition, the company has entered into an exclusive patent license agreement with the Technical University of Denmark for other rights related to both NanoCuvette™ One and NanoCuvette™ S products.
The license is valid for the lifetime of the patent. The company must pay the licensor the higher of a minimum annual royalty of DKK 100,000 (€13,330) or a running annual royalty corresponding to 2% of the Net Sales of NanoCuvette™ products. The company has the right to purchase the patent for a fixed price.
Outstanding Debt
The company has the following outstanding loans in DKK (here converted to EUR with an agreed Exchange Rate of 1 EUR = 7.5 DKK):
1. €266,667 principal amount loan from the Export and Investment Fund of Denmark (EIFO) backed by the Danish state at an interest rate of CIBOR3 + 5 % per annum. The loan is to be repaid on 31 December 2026.
2. €49,362 principal amount loans from three major shareholders at an interest rate at 2.5% per annum. The loans are to be repaid after the EIFO loan is repaid.
3. €15,333 principal amount loan from a founder at an interest rate of 5.0% per annum.
The funds raised from this investment round will not be used to repay these loans.
Convertible Loans
The company has the following outstanding convertible loans in DKK (here converted to EUR with an agreed Exchange Rate of 1 EUR = 7.5 DKK), which may convert to equity after this round and dilute existing shareholders:
1. €226,610 principal amount loan from the Export and Investment Fund of Denmark (EIFO) backed by the Danish state, with the following key terms:
o Interest rate: 8.00%
o Conversion trigger (“Qualified Amount”): €2,000,000.00
o Conversion discount: 20%
o Valuation Cap: €4,613,333.33
o Share class: A Shares
o Repayment date: 08 December 2024
2. €126,667 principal amount loans from a group of investors, with the following key terms:
o Interest rate: 9%
o Conversion trigger: On an exit or on an equity financing round of at least EUR 133,333.33
o Conversion price: the lessor of (a) DKK 500.00 per nom. DKK 1 share in the DEBTOR and a 20% discount on the last funding round share price
o Valuation Cap: None
o Share class: A Shares
o Repayment date: In negotiation
3. €133,333 principal amount loan from Asen 9 ApS, with the following key terms:
o Interest rate: 5%
o Conversion trigger: On an exit or on an equity financing round of at least EUR 1,333,333.33
o Conversion price: the lessor of (a) DKK 500.00 per nom. DKK 1 share in the DEBTOR and the last funding round share price
o Valuation Cap: None
o Share class: A Shares
o Repayment date: 31 May 2024, in negotiation.
4. €133,333 principal amount loan from Asen 9 ApS, with the following key terms:
o Interest rate: From 31 May 2022 until 1 November 2022, five per cent (5%) per annum; From 1 November 2022, nine per cent (9%) per annum until payment in full.
o Conversion trigger: On an exit or on an equity financing round of at least EUR 133,333.33
o Conversion price: the lessor of (a) DKK 500.00 per nom. DKK 1 share in the DEBTOR and a 20% discount on the last funding round share price
o Valuation Cap: None
o Share class: A Shares
o Repayment date: 31 May 2024, in negotiation
Direct Investments and Share Price
Direct investments in the round from investors outside of Seedrs have been paid in Danish Kroner (DKK) at a total amount of DKK 1,012,002.00. These investments have been reflected in the campaign at an agreed Share Price of €0.14 per share corresponding to direct investments of €133,212.66. Investments on Seedrs are made in Euros.
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