AligND Systems completes a $500k seed investment round from Almi et all..

Sweden Investments 13 November 2019
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AligND Systems, a Lund, Sweden-based startup working on the developent of a next gen nanowire-based biosensor platform, announced the completion of a seed capital round totalling SEK 5M ($520k).

The money was provided by local investors from Sweden including MIST Ventures and LU Holding, matched by a SEK 3.5M contribution made by Almi Invest.

AligND, founded in 2019 and led by CEO Erik Smith, is working to commercialize an advanced and affordable technology for nanowire platforms in the biosensors segment.

The company developed a patented production method for structuring and directing nanowires together with their waveguide technology and which allows customers in the sensor segment to gain the benefits of the large area of ​​nanowires and improved signal capacity, at better costs.