The Dutch Groningen-based scale-up Omnidots has secured a €1 million investment to grow internationally with its SWARM vibration sensor for the construction industry. The growing company wants to ensure safer construction internationally.
CEO Marko Bolt: "Vibrations resulting from construction activities are a major problem worldwide. Due to the vibrations, existing infrastructure becomes damaged, sometimes to the point of collapse. People in the surrounding area become inconvenienced and disturbed as vibrations interrupt their daily lives are disrupted by the vibrations. To build safely, it is essential to monitor vibrations and intervene in time when the vibrations become too intense. We make this possible with our SWARM vibration monitor and associated Honeycomb SaaS web platform." In 2017, with an investment from the GROEIfonds (GROWfund from Groningen)*, Omnidots began to develop their products. After its market introduction in 2018, Omnidots quickly became the market leader in the Netherlands."
Omnidots, in collaboration with Boost-Up, has secured a second round of investment to accelerate its growth. Marko Bolt: "After our great success here in the Netherlands, we continue receiving more and more requests from companies to start using and reselling our products worldwide. We are already successful in Australia and the United Kingdom. In order to accelerate (international) growth, we need a solid marketing and sales team, and we also need to remain adaptive and innovative in the area of technology. For this, we are now short of hands. Boost-Up*'s investment will allow us to deploy smart marketing and sales strategies while remaining extremely technologically innovative so that, step by step, we become the global market leader for innovative vibration monitoring systems."
- *GROEIfonds: The GROEIfonds from Economic Board Groningen offers subordinated loans for or takes a share in companies located in North and Central Groningen that want to establish themselves there or have plans with a demonstrable economic impact in the region.
- *Boost-Up: A Groningen-based foundation that aims to guide start-ups and scale-ups to successful further growth. Boost-Up has worked out the business plan for the next three years together with Omnidots' management team. The business partners connected to Boost-Up have made the necessary resources available.