IQONIC.AI (previously SQIN), a Berlin, Germany-based AI company specializing in beauty, hair, and health solutions, has secured a seven-figure seed funding.
SaaS Investors
The investment round was from investors including Brandenburg Kapital, YZR Capital, and Arve Capital.
Founded in 1993, Brandenburg Kapital is a venture capital firm based in Potsdam, Germany. The firm seeks to invest in startups and small and medium-sized enterprises.
YZR Capital is a venture capital firm that seeks to make investments in the healthcare sector across Europe. Founded in 2021, and is based in Munich, Germany.
Arve Capital is a venture capital investment firm based in Germany. The firm focuses on technology-based start-ups in the field of health and well-being.
IQONIC.AI Use of Funds
The funds will be used to expand the company's AI models in areas such as hair analysis and health, enter new markets, and accelerate sales in the USA.
About IQONIC.AI
Founded by Martin Pentenrieder and Maria-Liisa Bruckert, IQONIC.AI provides software solutions for brands and retailers, using AI algorithms to scan the skin and hair and recommend custom-made products. The company’s software uses AI algorithms to scan the skin and hair and suggest custom-made products suitable for an individual user. It helps to reduce the number of trial-and-error purchases and promotes sustainability in the industry in the long run. Additionally, the software can recognize potential health issues and recommend that users seek advice from a doctor, making it an innovative approach to preventive healthcare.
Funding Details
Company: IQONIC.AI
Raised: Undisclosed
Round: Seed Round
Funding Month: November 2023
Lead Investors: Brandenburg Kapital, YZR Capital, and Arve Capital
Additional Investors:
åCompany Website: https://iqonic.ai/
Software Category: AI Solutions for Beauty, Hair & Health
Source: https://siliconcanals.com/news/startups/berlins-iqonic-ai-raises-funding/