Subscribe to our newsletter and stay informed

Check out our list of top companies

Check out our carefully compiled lists of the most relevant and impactful companies within their fields.

Check out our list of top unicorns

Read and learn about the biggest companies that various countries have produced, how they made it, and what the future looks like for them.
September 5, 2023

Measurlabs Secures €2.5M Funding to Revolutionize Laboratory Testing Across Europe

Products must meet performance, safety, & legal standards pre-market

In today's fast-paced world, the demand for rigorous testing of materials and products is soaring. Whether it's evaluating performance, ensuring safety, or meeting legal standards, comprehensive testing is essential before bringing innovations to market. In the backdrop of tightening EU regulations, the need for efficient testing services has never been more critical. This is where Finnish startup Measurlabs steps in as a game-changer, providing a one-stop laboratory analysis and testing service to empower researchers, quality assurance teams, and R&D professionals. With its mission to streamline and enhance the testing process, Measurlabs has recently secured €2.5 million in a new seed funding round, propelling its expansion across Europe and the evolution of its online platform.

Measurlabs has emerged as a beacon of innovation in the laboratory testing landscape. Its platform seamlessly combines the expertise of over 900 laboratories, simplifying the process for companies seeking a multitude of tests, expert guidance, and cost-effective analysis solutions – all conveniently available in one place. Founded by PhD students Teemu Myllymäki and Kalle Lagerblom, Measurlabs is poised to transform the way testing services are managed, not only saving valuable time and resources but also catalyzing lower costs and faster time-to-market for products.

The recent €2.5 million funding round, led by VentureFriends and joined by esteemed existing investors Lifeline Ventures, Tesi, and Curus, signifies a significant milestone for Measurlabs. This financial boost is poised to fuel the company's expansion journey, beginning with the establishment of local teams in new European countries, starting with the UK. Additionally, Measurlabs is intensifying its commitment to enhancing the technical capabilities of its online platform, including the introduction of in-platform payments in the near future.

Measurlabs' value proposition resonates with prominent companies seeking modern laboratory services that seamlessly align with their testing and analysis needs. Teemu Myllymäki, CEO and co-founder of Measurlabs, highlighted the challenges faced by organizations when sourcing testing services and emphasized the need for a modernized approach, saying, "Finding a testing services provider that can perform the required tests and offer expert help is challenging."

Clients who have harnessed Measurlabs' extensive range of testing methods, coupled with its user-friendly digital purchasing platform and top-tier customer support, have praised the platform for addressing pressing testing and analysis needs efficiently.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
Back to top

Related articles

chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram