HTGF and IFH sell 51% stake in Bentekk to Dräger

Bentekk's handheld X-PID devices monitor concentrations of benzene in work environments. Dräger specialises in medical and safety technology and will add X-PID to its range of products for industrial customers.

Dräger and Bentekk will now work to develop a product that can be used in atmospheres with a risk of explosion, which will allow them to access additional application markets.

Previous funding
In May 2016, HTGF and IFH invested in a six-figure seed funding round for Bentekk with the stated aim of developing a second product while expanding sales efforts.

Company
Bentekk was founded in November 2014 as a spinout from Hamburg's University of Technology. The company uses Internet-of-Things technology to develop industrial portable gas measurement devices. Their first product, X-PID, is now used in the German industrial sector and was highlighted by Dräger as a main reason for the acquisition.

People
High-Tech Gründerfonds – Lucille Bonnet (investment manager).
Innovationsstarter Fonds Hamburg – Gencer Sahin (investment manager).
Dräger – Stefan Dräger (chairman).
Bentekk – Johannes Weber (managing director)

Advisers
Equity – KPMG, Christina Klinger (legal).

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