# Apix Analytics (SA)

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/apix-analytics-sa

- Industry: Electronics
- Headquarters: Grenoble, France
- Website: www.apixanalytics.com
- Total disclosed funding: $15M
- Latest round: Series B (Oct 12, 2020)
- Investors on record: 9

## About

Apix Analytics (SA) specializes in advanced gas chromatographs, employing unique silicon technology to provide rapid and accurate gas mixture analyses directly at production sites, enhancing efficiency across various sectors.Founded in 2014 in Grenoble, France, Apix Analytics (SA) develops miniaturized gas chromatographs to facilitate on-site gas analysis. The company has not undergone significant pivots or changes in operations. Eric Colinet, Philippe Andreucci, and Pierre Puget are the founders, and Eric Laporte currently serves as the CEO. In October 2020, Apix Analytics raised EUR 3.01 million in a Series B funding round led by Bpifrance, with participation from ALIAD, BNP Paribas Développement, CEA Investissement, Demeter IM, ENGIE New Ventures, and Rhone-Alpes Creation. The company has completed a total of four deals, and as of the latest round, the total amount raised stands at EUR 3.01 million, with a current valuation of EUR 17.15 million.Apix Analytics specializes in the development of miniaturized gas chromatographs (GCs), utilizing unique silicon technology. Their flagship products, including ChromPix, ChromEx, and FieldPix, enable rapid and precise analysis of gas mixtures at production sites, enhancing operational efficiency across industries such as oil and gas, energy, and environmental monitoring. These chromatographs function without heavy infrastructure, allowing on-site data collection with minimal operational expenses and reduced environmental impact. Key customers include oil and gas companies, gas distribution operators, and end-users in sectors requiring accurate gas quality analysis. Their products are marketed globally, with significant presence in Europe, North America, and parts of Asia.In the most recent fiscal year 2022, Apix Analytics reported revenue of EUR 3,595,532.30 and an EBITDA of EUR -1,532,500.70. The company operates on a business-to-business model, engaging in direct sales and partnerships with industry players. Their revenue structure includes sales of proprietary gas chromatographs and associated OEM integration and customization services for instrumentation manufacturers. Clients typically engage in one-time purchases, which may include maintenance and training services. Contracts are characterized by tailored agreements addressing specific client needs, facilitating ongoing support and service provisions to ensure client satisfaction and loyalty.Apix Analytics is focused on expanding its product line and geographical market reach. The company is currently designing new chromatography products aimed at enhancing functionality and user experience, with expected launches in late 2024. They aim to penetrate new markets in Asia and North America by 2025. Funding from the recent Series B round will be utilized to support these initiatives, including product development and marketing efforts to capture new geographic segments. This strategic approach reflects their commitment to leveraging recent investments for sustainable growth.

## Funding rounds

- Series B, Oct 12, 2020, $3.6M — Demea Invest, CEA Investissement, Bpifrance, Rhone-Alpes Creation, ALIAD, ENGIE New Ventures, BNP Paribas Developpement
- Series B, Apr 11, 2019, $2.4M — Demea Invest, CEA Investissement, Rhone-Alpes Creation, Bpifrance, ALIAD, ENGIE New Ventures, Alpes Capital, BNP Paribas Developpement
- Series B, Feb 23, 2018, $7M — Demea Invest, CEA Investissement, Bpifrance Investissement, Rhone-Alpes Creation, ALIAD, ENGIE New Ventures, BNP Paribas Developpement
- Series A, Apr 30, 2015, $2.1M — Demea Invest, CEA Investissement, Rhone-Alpes Creation, ALIAD, ENGIE New Ventures

## Investors

- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Series A, Series B
- CEA Investissement (https://capitalatlas.ai/funds/cea-investissement) — Series A, Series B
- Rhone-Alpes Creation (https://capitalatlas.ai/funds/rhone-alpes-creation) — Series A, Series B
- ALIAD (https://capitalatlas.ai/funds/aliad) — Series A, Series B
- ENGIE New Ventures (https://capitalatlas.ai/funds/engie-new-ventures) — Series A, Series B
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series B
- BNP Paribas Developpement (https://capitalatlas.ai/funds/bnp-paribas-developpement) — Series B
- Bpifrance — Series B
- Alpes Capital — Series B