Finindus

Finindus is a venture capital firm based in Zwijnaarde, Belgium, established in 1926 and funded by ArcelorMittal and the Flemish Region. The firm specializes in providing early-stage and growth financing, both in equity and debt, to innovative companies within the metal value chain. Finindus focuses on sectors such as new alloys, surface functionalization, composite materials, and sustainable manufacturing technologies, including energy-efficient practices and waste valorization. Investment amounts typically range from 0.5 to 5 million euros per round, with a maximum of 10 million euros per company. While primarily targeting opportunities in Europe, particularly in Flanders, Finindus is open to exploring ventures in other regions that align with its core interests. The firm actively supports its portfolio companies by leveraging its extensive network and providing access to the resources and expertise of the OCAS metal research center.

Ruben Decoster

Investment Associate

Hans Maenhout

Investment Director

Past deals in Industrial Engineering

Power to Hydrogen

Series A in 2024
Power to Hydrogen focuses on producing low-cost, clean hydrogen through advanced anion exchange membrane (AEM) electrolyzers. By utilizing renewable energy sources and lower-cost materials than traditional electrolyzers, the company addresses the technical and economic challenges associated with hydrogen production. Their technology not only generates high-pressure, efficient hydrogen but also produces high-pressure oxygen, which can potentially create additional revenue streams. This innovative approach aims to reduce the overall cost of hydrogen to $1 per kilogram, supporting clean transportation, efficient energy storage, and the decarbonization of industrial processes. Power to Hydrogen's solutions contribute to the energy industry's sustainability goals by facilitating a transition to greener energy sources.

Viking Analytics

Series A in 2023
Viking Analytics AB, based in Gothenburg, Sweden, develops advanced software solutions tailored for the manufacturing, chemical, and process industries. Established in 2012, the company specializes in its MultiViz analytics software, which assists industrial firms in preparing, analyzing, and organizing sensor data and condition monitoring information. This tool enables users to visualize data effectively, detect patterns, and monitor machine performance with greater reliability. Since 2018, Viking Analytics has focused on enhancing the capabilities of maintenance firms, original equipment manufacturers, and system integrators by identifying machines that require attention and providing insights into the reasons for their condition. By utilizing feedback from experts, the software continuously improves its performance, reducing false alarms and eliminating the need for companies to maintain their own artificial intelligence teams. Overall, Viking Analytics contributes to process optimization and minimizes unplanned maintenance interruptions through advanced anomaly detection and predictive analytics.

Guaranteed

Venture Round in 2019
Guaranteed specializes in the repair and rebuild of large industrial components, utilizing direct energy deposition technologies. This innovative approach enables the on-demand repair and rebuilding of slow-moving parts, significantly reducing lead times and minimizing the reliance on new raw materials. By avoiding the costs associated with storage and transportation, Guaranteed serves various heavy industries, including mining, oil and gas, railway, maritime, and energy. The company also offers advanced simulation, monitoring, and inspection tools to ensure high-quality, defect-free production outcomes.

Innecs Power Systems

Venture Round in 2018
Innecs Power Systems BV, founded in 2004 and based in Ter Aar, the Netherlands, specializes in manufacturing energy conversion systems designed to enhance energy efficiency and sustainability. The company provides a range of products, including power burners for steam production and various industrial processes, steam turbines for large steam networks and co-siting projects, as well as gas turbines and clean combustion systems. Innecs serves multiple industries, including food, ceramics, chemicals, printing, textiles, utilities, and paper, facilitating reduced energy costs and promoting environmentally friendly practices.
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