Marama Labs, a deep-tech sensor and data analytics company based in Wellington, New Zealand has received NZ$500,000 in funding from Quidnet Ventures, a New Zealand-based venture capital fund with operations in Auckland, NZ, San Francisco and New York. This round brings Marama Labs’s total raised to date to NZ$2M.
According to a statement, “Quidnet Ventures is a seed and series-A fund that mentors and invests in early-stage startups based in New Zealand that aspire to have global impact. Quidnet’s team consists of a group of investors and advisors that can leverage their knowledge set to support Marama Labs. Marama Labs joins Quidnet Ventures’s exclusive portfolio, consisting of Aider, Dawn Aerospace and Winely.”
“Leading the seed round investment in Marama Labs is a natural step for Quidnet Ventures, given my background in experimental physics and the wine industry. Marama Labs will revolutionize the way winemakers characterize their wine and target the desires of their customers,” said Mark Bregman, Founder and General Partner of Quidnet Ventures. “Marama Labs demonstrates the possibilities that can occur from combining deep technology from university laboratories with practical experience from New Zealand’s world class and innovative wine industry.”
Brendan Darby, CEO of Marama Labs, stated, “Marama Labs is very excited to partner with Quidnet Ventures. Quidnet’s deep understanding of the US wine market and experience in scaling data analytics platforms will be hugely beneficial to Marama Labs as we launch our groundbreaking platform on the global wine industry stage. Marama Labs hopes to bring cutting edge New Zealand-developed science to the Quidnet portfolio.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.