Biodit builds fingerprint-based access control hardware and accompanying software used for access management, time monitoring and vehicle security. Its product portfolio includes vehicle protection solutions, biometric door locks and integrated access-management systems for production, hospitality and healthcare, plus proprietary fingerprint-capturing devices and software. The company has roughly 12 employees and about 40 major local production and retail clients, with first customers in Spain including NH Hotel Group. Biodit was founded in 2010 in Spain; the founder Julian Sofroniev moved the company to Bulgaria in 2012. Financially, the company reported €80K revenue in 2017, expects about €200K this year, plans to grow 100% annually and target €1M in 2020, and aims to reach break-even in late 2019. Management is pursuing European expansion (Spain, UK and Scandinavia) and preparing an IPO on the Sofia bourse.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2018