Funding Round attributes
Copenhagen-based startup Eupry has announced the successful closure of its €23 million ($24 million) Series A funding round. The round was led by Chr. Augustinus Fabrikker, a well-known Danish investment company. Other participants included existing investors Ugly Duckling Ventures, the Export and Investment Fund of Denmark (EIFO), and the Sagitta Family Office.
Eupry specializes in temperature monitoring solutions, offering an ISO-accredited and GxP-compliant system designed for industries such as pharmaceuticals, biotech, and logistics. The company’s integrated solution combines temperature and humidity monitoring, mapping, and calibration into a single system, addressing inefficiencies associated with traditional compliance processes.
Founded by students from the Technical University of Denmark (DTU), Eupry has grown from its academic roots into a leading player in temperature monitoring. The funding aims to support the company’s global expansion efforts, particularly in the United States, where it opened its first office in 2023. Eupry intends to use the investment to accelerate product development and strengthen its market position internationally.
“After nearly two years as the company’s Chairman of the Board, I could not be more proud of this preliminary highlight for Eupry. It has been a fantastic joint effort, and we look forward to creating the next big Danish life science-related success with a strong co-investor in Chr. Augustinus Fabrikker,” said Andreas Green Rasmussen, co-founder of Ugly Duckling Ventures and Chairman of the Board at Eupry.
The €23 million funding will help Eupry refine its product offerings to meet the increasing demand for accurate and reliable environmental data across industries such as pharmaceuticals, healthcare, and food logistics. These sectors rely heavily on precise temperature monitoring for compliance and operational efficiency, making Eupry’s solutions critical.
Christian Jacobsen, CEO and co-founder of Eupry, expressed his gratitude to the investors supporting the company’s growth. “I want to express our deepest gratitude to Chr. Augustinus Fabrikker, Ugly Duckling Ventures, Sagitta, and EIFO. Thank you for supporting us. Their belief in our mission and commitment to our success is invaluable. As we embark on this new chapter, I am more confident than ever in our ability to lead the transformation in temperature compliance. The future holds incredible opportunities, and with our robust solutions and strong support from our investors, Eupry is well-positioned to seize them.”
Eupry’s mission to simplify and improve temperature compliance processes has positioned it as a vital solution provider in its field. The company’s innovative approach integrates critical aspects of monitoring and compliance, making it a preferred choice for industries requiring stringent environmental controls.
The funding round marks a significant milestone in Eupry’s journey from a university project to an industry leader. With the support of its investors and a robust growth strategy, Eupry is poised to expand its footprint and continue delivering value to its clients in the global market.
