New Zealand Wine Startup Marama Labs Secures Funding for Global Expansion

Marama Labs, a New Zealand-based wine analysis startup, has recently raised €1.75m (A$2.85m) in seed funding to expand its operations globally. The funding round was led by European agritech venture capital firm, The Yield Lab, with support from New Zealand Growth Capital Partners, Icehouse Ventures, Quidnet Ventures, and several other angel groups and high-net-worth individuals from Ireland and Germany.

The capital infusion will be utilized by Marama Labs to scale up its hardware manufacturing in New Zealand. The company specializes in the production of CloudSpec spectroscopy instrumentation and data analytics tools, which are widely applicable in the field of life sciences. These tools offer a faster and more efficient way to analyze opaque liquid samples, including fermenting wines and nanomedicines, enabling better optimization of production processes.

Marama Labs, founded in 2019 as a spin-out from Victoria University of Wellington, has made significant strides in the wine industry. The company plans to further expand its global footprint in this sector and is set to launch its first product for the life sciences market later this year. With offices in Dublin, Ireland, Marama Labs aims to offer winemakers and producers valuable insights into their products through its CloudSpec Insights platform. By simplifying the data analysis process, the platform allows for more informed decision-making at every stage of production, from the vineyard to the retail market.

Renowned wineries like Giesen and Cloudy Bay have already been using Marama Labs’ platform for the past three years, while top 10 US producers have also become clients. In addition, the startup is partnering with third-party testing labs to make its technology accessible to smaller wineries, particularly in the Napa Valley region.

Moving forward, Marama Labs is targeting the life sciences market, where the analysis of opaque liquids remains a major challenge for industries such as drug discovery and development. The company is currently conducting commercial trials with leading pharmaceutical manufacturers in Europe, the US, and Japan.

The recent appointment of Darren Andrews, founder of Cobalt Light Systems, as chief product officer, demonstrates Marama Labs’ commitment to accelerating its growth and enhancing its product offerings. With a highly complex technology that has gained significant traction globally, Marama Labs is poised to make a positive impact on various industries, creating real benefits for both businesses and the planet.

An FAQ section based on the main topics and information presented in the article:

1. What is Marama Labs?
Marama Labs is a New Zealand-based wine analysis startup that specializes in the production of CloudSpec spectroscopy instrumentation and data analytics tools. The company was founded in 2019 as a spin-out from Victoria University of Wellington.

2. What kind of funding did Marama Labs recently raise?
Marama Labs recently raised €1.75m (A$2.85m) in seed funding. The funding round was led by European agritech venture capital firm, The Yield Lab, with support from New Zealand Growth Capital Partners, Icehouse Ventures, Quidnet Ventures, and several other angel groups and high-net-worth individuals from Ireland and Germany.

3. How will Marama Labs use the funding?
The capital infusion will be utilized by Marama Labs to scale up its hardware manufacturing in New Zealand. The company aims to expand its global footprint in the wine industry and launch its first product for the life sciences market later this year.

4. What are the applications of Marama Labs’ tools?
Marama Labs’ CloudSpec spectroscopy instrumentation and data analytics tools are widely applicable in the field of life sciences. They offer a faster and more efficient way to analyze opaque liquid samples, including fermenting wines and nanomedicines, enabling better optimization of production processes.

5. What is the CloudSpec Insights platform?
The CloudSpec Insights platform offered by Marama Labs aims to provide valuable insights to winemakers and producers. It simplifies the data analysis process and allows for more informed decision-making at every stage of production, from the vineyard to the retail market.

Definitions for key terms or jargon used within the article:

– Seed funding: Initial capital raised by a startup company to support its early-stage development and operations.
– Spectroscopy instrumentation: Devices used to measure and analyze the interaction between matter and electromagnetic radiation.
– Data analytics tools: Software or technologies used to collect, process, and analyze large sets of data in order to gain insights and make informed decisions.
– Spin-out: The creation of a new independent company from an existing organization, often based on a specific technology, product, or service.
– Opaque liquid samples: Liquid samples that do not allow light to pass through, making it difficult to analyze their properties.

Suggested related links:

Marama Labs Official Website
The Yield Lab – European Agritech Venture Capital Firm
New Zealand Growth Capital Partners
Icehouse Ventures – New Zealand-based Investment Firm
Quidnet Ventures – Venture Capital Firm