On the 10th of May, Omnio won the SEED Discovery Day taking home the DKK 500.000 (Euro 67.000) investment. The Copenhagen-based startup will use the momentum to close their first round of funding and find new talent to impact the industrial Internet of Things.
“In just the few days since the competition we have been in contact with a number of both Danish and international VCs and angels. They really like the vision of what Omnio will mean as an infrastructure component for the industrial Internet of Things and they see that we have traction,” says Mikkel Sørensen, CEO of Omnio.
Omnio has developed a SaaS product which gives you plug’n’play device integration for industrial devices. Their platform connects with all devices and IoT platforms and works as a universal translator for industrial device communication.
The event was arranged by SEED Capital and took place at DTU Skylab. Each finalist had to do a 5-minute pitch afterward answering a string of critical and complex questions from the jury. The jury was comprised of several prominent figures such as Jesper Buch, Ulla Brockenhuus-Schack, Tine Thygesen, and Henrik Teisbæk.
Standing out from the crowd
As part of their preparation, Omnio has participated in the pitch training day which was held one week prior to the final competition. At the training day, each startup got the chance to get feedback and improve their pitches.
“It was a great experience for us to participate in the Discovery Day. We especially found the pitch preparation with Tine Thygesen from Founder’s House valuable. She really helped us fine tune our message,” says Mikkel Thøgersen, CFO of Omnio.
In the final, Omnio faced off against Pre.do, Sawy, HiveOnline, JustBring, Penstable, FestivALL, TheCode, OBI+, and BuzzMe. The team came well prepared, presenting a convincing pitch and able to answer even the most challenging questions from the jury.
Read SEED Capital’s full report and learn more about the competition.