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January 24, 2024

Marama Labs Secures €1.75M Funding for Revolutionary Spectroscopy Tech

Marama Labs has triumphed in an oversubscribed seed-plus round, raking in a substantial €1.75 million

In a significant stride towards reshaping the landscape of liquid analysis technology, Marama Labs, a deep-tech startup with roots in New Zealand and Ireland, has announced the successful closure of an oversubscribed seed-plus round, securing a substantial €1.75 million. Led by The Yield Lab, a pioneering European agritech venture capital firm, and backed by a coalition of global investors, this funding marks a crucial milestone for Marama Labs, positioning them for hardware manufacturing scale-up and a strategic entry into the burgeoning life-sciences market.

The Yield Lab spearheaded the seed-plus round, echoing their unwavering belief in Marama Labs’ vision. Existing investors, including New Zealand Growth Capital Partners, Icehouse Ventures, Quidnet Ventures, and angel groups from New Zealand, reaffirmed their support, joined by new investors such as DeepIE, Radar Ventures, NZVC, and angel and high-net-worth investors from New Zealand, Ireland, and Germany. This diverse collaboration underlines the broad appeal and potential impact of Marama Labs' breakthrough technology.

The freshly secured funding is earmarked for the expansion of hardware manufacturing capacity in New Zealand, propelling Marama Labs’ CloudSpec spectroscopy instrumentation and cloud software data analytics tools to new heights. This patented platform, designed for the swift analysis of opaque liquid samples, is a game-changer for industries like winemaking and nanomedicine production. As Marama Labs fortifies its foothold in winemaking, the company aims to unveil its inaugural life-sciences product in 2024, signaling an ambitious leap into a dynamic market poised for disruption.

Dr. Brendan Darby, the visionary CEO and co-founder of Marama Labs, projects 2024 as a pivotal year. With a focus on creating value for winemakers and expanding into the life-sciences domain, Dr. Darby envisions Marama Labs as a trailblazer, leaving an indelible mark on the technological landscape.

As Marama Labs paves its way through the intricate realms of deep-tech spectroscopy, the strategic funding injection stands as a testament to investor confidence in the company's potential impact across diverse industries. The fusion of cutting-edge technology, strategic partnerships, and a dynamic leadership team positions Marama Labs on the precipice of significant growth. With a trajectory set for revolutionary advancements in liquid analysis, Marama Labs is undoubtedly a force to be reckoned with, shaping the future of chemical analysis technologies across global markets. As the company forges ahead, the echoes of investor support resound, propelling Marama Labs into a future where innovation knows no bounds.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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