CyanoGuard announced a €2.8 million in a seed round led by Wingman Ventures with participation of BlueOcean Ventures

CyanoGuard, a Wädenswil (Zurich), Switzerland-based provider of cyanide detection solutions for the gold mining industry, announced completing a €2.8 million ($3M) funding round.

The money was raised from investors led by Wingman Ventures with participation of BlueOcean Ventures, and includes a non-dilutive SME Instrument grant by the European Union’s Horizon 2020 Programme.

CyanoGuard, founded in 2016 by CEO Benedikt Kirchgaessler, is dedicated to shaping the future of cyanide detection, monitoring and optimization. Its solutions allow both trained and untrained users to test liquid samples using a sensor that changes colour upon the presence of cyanide – a fast and simple idea, that eliminates the use of hazardous substances.