Epic Blue, creator of personal safety solutions to reliably know exactly where people are in critical situations whether indoor or outdoor, today announced that the company raised 1M€ in Seed funding. The round was led by SPDG Ventures and joined by the previous investors, InvestLink and imec.istart Fund.
The investment will be used by Epic Blue to accelerate commercial expansion and further grow the R&D team.
Indoor positioning has become an essential factor in today's connected world. Initial demand came from first responders, security and industrial safety organisations. Now operational managers in mining, oil and gas, smart cities, health care, hospitality, and office management want to move beyond GPS and investment-heavy beacon-based localisation. The Epic Blue approach of low-to-no infrastructure ensures a high return on investment to its customers.
"This latest round feeds the Epic Blue ambitions for accelerated growth and technology leadership in the localisation markets. Next to indoor positioning, we see a growing need for solutions that counter GPS-spoofing and location-hacking," says Epic Blue's CEO Michael Ilsbroux.
Michael continues, "We're delighted to welcome SPDG Ventures to the Epic Blue team and value the continued engagement by InvestLink and imec.istart Fund. With SPDG Ventures and Mr Marc Melviez as director, we add a strong and experienced partner to support Epic Blue's business. We're also looking to expand our team of highly talented engineers and sales in the short term."
About Epic Blue
Founded in 2018, Epic Blue is a software company based in Leuven, Belgium. It is backed by InvestLink, SPDG Ventures, and imec.istart Fund.
Epic Blue disrupts the positioning market with its next-generation AI-driven sensor-fusion solution that ensures accurate and consistent positioning. Epic Blue's Shyn is a robust high-end tracker for users operating in GPS denied environments. Our Hyper Location software is device agnostic and executes seamless positioning both on edge devices and in the cloud by using input from existing infrastructure, mobile devices and other sensors.
Epic Blue's global customer base turns to Epic Blue to ensure the safety and effectiveness of its staff andoperations.
About InvestLink
InvestLink is an independent investment company founded by the former founders of SecureLink, Bert Van Loco, Hans Van Erum and Frank Staut. Through targeted investments, we want to put our experience in entrepreneurship at the service of other companies. We have relevant experience in starting up, growing, financing and expanding a company internationally. Our philosophy is to pursue a participative partnership through a personal and committed approach.
About SPDG Ventures
SPDG (société anonyme de participation et de gestion) is the holding company of the Périer-D'Ieteren family, recognised for its active role as one of the two major shareholders of the D'Ieteren Group, its entrepreneurial vision in its investment portfolio and philanthropic involvement.
SPDG Ventures invests in and builds platforms of innovative companies that are sustainably improving the future of cities, by making them healthier, safer and smarter.
About imec.istart Fund
Imec.istart – imec's business accelerator – is the first investor and supporting partner to scale tech startups. The imec.istart program offers a broad range of services such as initial financial injection (50,000 up to 250,000 € preseed funding), personal coaching and mentoring, access to technology and working facilities, access to a broad (inter)national network of partners and investors and more. Since its launch in 2011, imec.istart helped more than 250 tech startups in diverse fields to develop into sustainable ventures.
imec.istart is ranked 1st in the European' Top University Business Accelerators' by UBI Global.
For press inquiries, please contact Frederik Malesevic at frederik.malesevic@epic.blue