Abzu deeptech firm, created between Catalonia and Denmark, raises €6 million

comunicacio@cataloniabioht.org,

Abzu, a startup founded simultaneously in Barcelona and Copenhagen in 2018, has closed a €6-million round of investment. Participants included international venture capital funds from the Nordic countries like Seed Capital, Inventure and PreSeed Ventures, as well as several business angels. 

Abzu offers an artificial intelligence platform that allows users to make precise predictions and find mathematical solutions to complex problems, which facilitates decision-making for researchers and speeds up clinical studies and drug development.

Elizabeth Gil-Roldán, head of Business Development at Abzu in Barcelona, explains that this funding will go towards “strengthening the development team for the technology product, located mainly in Barcelona, and reinforcing its commercial strategy and academic collaborations.”

The company currently has 18 employees and expects to have a staff of 30 by the end of 2021.

In setting up in Barcelona, Abzu received support from ACCIÓ (Government of Catalonia). The company has recently joined CataloniaBio & HealthTech, the organisation that represents companies in the biomedicine and health sector in Catalonia. 

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