Haelixa to advance DNA-based traceability tech with $2.3m funding

The backing circular was led by returning investors Verve Ventures and Zurich Kantonalbank. It besides saw information from 212 NexT Fund.

Haelixa besides benefited from catalytic backing done the Temasek Trust Amplifier programme.

The firm’s proprietary DNA marker exertion is designed to connection carnal verification of merchandise root and authenticity.

The solution is intended to heighten traceability and enactment compliance for brands, addressing expanding regulatory scrutiny and manufacture concerns specified arsenic fraud, undeclared blending, and counterfeiting.

Currently, it is utilised successful sectors including textiles, precious metals, and gemstones, and aligns with recognised standards specified arsenic GOTS and OEKO-TEX.

Gizem Yağız, managing spouse astatine 212 NexT Fund, said: “Lack of transparency successful proviso chains contiguous poses superior fiscal and reputational risks for brands. Haelixa’s DNA-based attack materially reduces this hazard by scientifically verifying merchandise root and authenticity straight connected the merchandise itself. We are arrogant to articulation this founding circular and enactment the squad arsenic they standard a caller modular for traceability.”

Haelixa plans to usage the funds to enactment selective squad growth, broader merchandise offerings, and accrued collaboration with textile brands and supply-chain partners.

Haelixa CEO Patrick Strumpf said: “This concern enables america to standard globally arsenic expectations for traceability proceed to rise. It besides allows america to grow into anti-counterfeiting, adding a beardown caller furniture of worth for luxury brands.”

Spun retired of ETH Zurich, Haelixa has reached scaled commercialized adoption, generating seven-figure gross and securing multi-year agreements with large manner and textile brands.

In November past year, the institution partnered with New Focus Textiles, a woven cloth manufacturer, to supply forensic impervious of recycled fabric contented successful textile manufacturing.

Additionally, integer traceability level TextileGenesis integrated Haelixa’s DNA-based certificates into its Fiber-to-Retail module successful October past year, enabling suppliers to upload forensic traceability documents directly.

"Haelixa to beforehand DNA-based traceability tech with $2.3m funding" was primitively created and published by Just Style, a GlobalData owned brand.

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