SafeLoc obtains €2M in an investment round led by BeAble Capital and Gestión Capital Riesgo Euskadi

The spin-off launched in 2022 by the Ceit Technology Centre has completed its first investment round.

SafeLoc Systems solutions are based on ultra-wideband positioning technology, capable of providing great precision in terms of measuring distances.

SafeLoc Systems, the spin-off launched in 2022 by the Ceit Technology Centre and specialising in the state-of-the-art locating of people and/or assets in real time, has managed to successfully complete a 2 million Euro funding round. This investment has been led by BeAble Capital, a prominent venture capital fund specialising in Science and Technology, and also features co-investment by SPRI Emprendimiento via Gestión Capital Riesgo Euskadi. The investment will enable SafeLoc Systems to speed up their technological development and expand their presence on the market.

SafeLoc, with David Sagüés at the helm, specialises in the development of real-time locating systems (RTLS) for people and/or assets. The company’s approach is based on ultra-wideband (UWB) radio technology which provides great precision in terms of measuring distances and location with merely centimetre margins of error. This technology has re-emerged as a highly effective alternative to Bluetooth, as it is capable of transferring materials while causing minimal interference, making it a suitable option for environments deemed sensitive to radio frequencies, such as hospitals.

The technology has been developed from scratch thanks to over 15 years’ work by the Electronic Systems and Communications group at the Ceit Technology Centre. It enables SafeLoc to optimise the system so as to be able to work in places other solutions cannot reach, providing the utmost precision in hostile industrial environments such as metal surroundings, where the presence of dust in suspension may be present or electromagnetic fields exist.

Strategic partners

BeAble Capital has invested in the spin-off via the BeAble Innvierte Science Equity Fund FCRE, a new investment vehicle backed with €50M and funded by CDTI/Innvierte through EU Next Generation funds, several family offices, pension funds and BBVA. For its part, the Basque Government has invested through Gestión Capital Riesgo Euskadi (Euskadi Venture Capital Management) and Spri Emprendimiento (Spri Entrepreneurship), an entity attached to the Department of Economic Development, Sustainability and the Environment that depends on the regional government and promotes regional industry.

About Ceit

Ceit is a technology centre that forms part of the Basque Research and Technology Alliance (BRTA), and was set up in 1982 on the initiative of the Universidad de Navarra.

Ceit is a not-for-profit organisation whose mission is to improve company competitiveness via the transfer of technology. The centre has a specialisation strategy that focuses on state-of-the-art manufacturing, sustainable mobility and the circular economy.