Jenetric Enters Second Round of Financing

Jenetric Prepares for Second Round of FinancingGermany-based fingerprint biometrics company Jenetric GmbH is entering a second round of investment financing.

High-Tech Gründerfonds (HTGF) and bm | t, the Free State of Thuringia’s holding company, are returning for the round, having previously invested. The companies’ leaders are evidently excited about Jenetric’s LiveTouch quattro technology; in a statement announcing their participation, bm | t Investment Manager Karin Bale asserted that Jenetric’s “whole team impressed us with their determination, with their performance and with their ambitious plans for the future,” while HTGF Investment Manager Dr. Ansgar Kirchheim pointed to recent FBI certification and newly-launched production as strong signs of progress, concluding that his company is “pleased to support the large-scale market entry” of Jenetric.

Jenetric showed off its LiveTouch quattro solution at this year’s Global Identity Summit. It’s a fingerprint-scanning system that integrates a digital display under a transparent sensor, allowing for visual communication to the user. And not only that; Jenetric says that because the image sensor is so close to the user’s finger, it enables enhanced image contrast.

The company says this second finance round is aimed at expanding the LiveTouch product line while exploring “additional biometric features.” That could point to big developments in the pipeline.

December 17, 2015 – by Alex Perala