# Interface Fluidics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/interface-fluidics

- Industry: Oil & Gas
- Headquarters: Calgary, Canada
- Website: www.interfacefluidics.com
- Total disclosed funding: $9.8M
- Latest round: Series B (Nov 9, 2021)
- Investors on record: 3

## About

Interface Fluidics Limited is a technology company specializing in advanced microfluidic systems for high-pressure and high-temperature applications, primarily serving the energy and mineral industries.Founded in 2015 in Calgary, Canada, Interface Fluidics Limited develops microfluidic technology to analyze fluid behavior in various applications. The firm has completed a total of 3 funding deals, with the latest being a Series B round in November 2021 where they raised CAD 6.7 million, led by Equinor Ventures, with participation from Phaze Ventures and Techstars. The co-founders are Stuart Kinnear and Thomas De Haas, with Kinnear also serving as the CEO.Interface Fluidics specializes in providing advanced microfluidic systems, notably their flagship SapphireLab system, designed for high-pressure and high-temperature applications. This system aids in fluid behavior analysis for energy, carbon storage, and mineral industries, enabling businesses to gain insights and optimize production processes. Their products are sold primarily in North America, Europe, and select regions in Asia-Pacific, addressing critical challenges in reservoir management and operational efficiency.The company generates revenue through direct sales of microfluidic systems, including the SapphireLab system, to corporate clients and research institutions. Revenue is derived from business-to-business transactions, encompassing both hardware sales and service agreements, which may include options for licensing and ongoing support, thereby ensuring sustained value from their advanced technologies.In November 2021, Interface Fluidics Limited raised CAD 6.7 million in Series B funding, which will be used to grow the team and support the development of its fluid analysis platform. The company aims to accelerate the development of accessible fluid property analysis technology. Plans for future product launches and geographical expansion are in place, targeting new markets in Asia-Pacific by the end of 2023.

## Funding rounds

- Series B, Nov 9, 2021, $5.3M — Techstars, Phaze Ventures, Equinor Ventures
- Series A, Aug 27, 2019, $4.5M — Techstars, Phaze Ventures, Equinor Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Series A, Series B
- Phaze Ventures (https://capitalatlas.ai/funds/phaze-ventures) — Series A, Series B
- Equinor Ventures — Series A, Series B