Fidelitas Lab Ltd Asset Profile

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Year established

2014

Location

Bulgaria

Primary Industry

Logistics & Distribution

About

Based in Verna, Bulgaria, and founded in 2014, Fidelitas Lab Ltd, a business unit of Fidelitas Group, offers cereals and oilseeds laboratory services. The firm was co-financed by the European Structural and Investment Funds under the Operational Programme for Innovation and Competitiveness 2014-2020. In January 2022, the firm raised EUR 1 million in venture funding led by investor Morningside Hill Capital Management. The company offers one-stop laboratory services to clients in the agricultural sector who are traders and producers of cereals, oilseeds, and vegetable oils. The company’s services include GFTA-approved lab analysis including determination of moisture, test weight, impurities, kernel size, Pesticide residues, mycotoxins, etc of cereals, feeding stuff, and pulses such as wheat, maize, barley, corn, etc, and FOSFA-approved lab analysis including determination of moisture, impurities, oil content, fatty acid composition, saponification value, etc, of sunflower seeds, rapeseeds, vegetable oils, etc. Fidelitas Lab intends to use its January 2022 funding to expand its scope and capabilities of the laboratory through the purchase of software and high-tech equipment for liquid and gas chromatography, along with renting more lab space and staff. The firm also plans to grow its client portfolio in Romania, Moldova, Ukraine, and other countries.

Current Investors

Morningside Hill Capital Management

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Primary Industry

Logistics & Distribution

Sub Industries

Business Support Services

Website

https://www.fidelitasgroup.com/fidelitas-lab

Verticals

Research (Non-Medical)

Company Stage

Early Stage

Total Amount Raised

Subscriber access only

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