bNovate Technologies SA completes Series C financing

Niederer Kraft Frey advised bNovate Technologies SA as Swiss counsel on its CHF 12 million Series C financing round led by Emerald Technology Ventures, followed by existing shareholders.

bNovate Technologies SA is a Swiss company, leader in rapid microbial detection systems for the water industry, which develops and commercializes game changing, simple and effective tools that automatically monitor the microbiological water quality. Its successful product “BactoSense” is a compact, connected, and robust device that can monitor water parameters continuously and detect bacterial contamination in only 20 minutes, whereas traditional standard plating methods still require several days, and usually only give a result after the water has already been distributed to the public.

bNovate Technologies SA has already been recognised for its disruptive innovations and positive contribution to global climate goals as an Uplink Top 10 Innovator at the WEF 2023 and by the Swiss foundation, Solar Impulse. The funding will accelerate bNovate’s global expansion as well as grow its product portfolio, which is currently designed for water utilities, the food and beverage industry, OEM partners, research facilities and the pharmaceutical industry.

The NKF team was led by Corporate/M&A and Technology partner Karim Piguet, working with associate Tania Luminuku (Corporate/M&A).