Conelum

Conelum

A biotechnological startup, develops rapid microbiological diagnostic tests for food and drink industry companies.

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DateInvestorsAmountRound
-investor investor

€0.0

round
investor

€0.0

round
investor

€0.0

round
investor

€0.0

round
investor

€0.0

round

€110k

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth-336 %(43 %)(71 %)7 %--
EBITDA0000000000000000000000000000
% EBITDA margin-106 %(215 %)224 %(22 %)(167 %)-
Profit0000000000000000000000000000
% profit margin120 %87 %(251 %)157 %(23 %)(168 %)-
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article, Dealroom estimates

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More about Conelum
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Conelum is a biotechnological startup founded in late 2012, originating as a spin-off from Riga Technical University. The company specializes in developing rapid microbiological diagnostic tests, known as EloKITs, for the food and drink industry. These tests are designed to significantly reduce the time required for compulsory microbiological safety tests from traditional methods that take 24 hours to 5 days, down to just 30 minutes. This innovation helps food and beverage producers save time, minimize production risks, and reduce the likelihood of product recalls, thereby protecting their reputation and ensuring timely reactions to potential outbreaks. Conelum's core team comprises internationally recognized microbiological safety scientists who have spent over a decade researching and optimizing this technology. The company's business model revolves around selling these diagnostic kits to food and beverage producers, offering a unique value proposition by enhancing operational efficiency and safety. Conelum operates in the global food safety market, serving clients who prioritize rapid and reliable microbiological testing to maintain high standards of product quality and safety.

Keywords: microbiological diagnostics, food safety, rapid testing, EloKITs, production risk, outbreak prevention, food industry, beverage industry, Riga Technical University, biotechnological startup.

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