Insens successfully completes a
capital increase of €950.000
Insens, a technology company specializing in the predictive maintenance and energy optimization of rotating industrial machines, is pleased to announce today that it has completed a first round of capital increase for a total amount of €950.000,-.
Gautier Waterlot, Nicolas Verbeek and Guillaume Francaux, the three Insens’ co-founders
Louvain-la-Neuve, October 10, 2024
This capital raise was backed by eight business angels, as well as Sambrinvest and Boost Engineering, all of whom had previously supported Insens through convertible loans. With this round, all initial investors have converted their loans into equity, and the eight business angels have significantly increased their stakes in the company.
These operations lead to a capital increase of €950.000,-, which provides the necessary financial means for the next step of development of the company
Guillaume Francaux, CEO of Insens, expressed his gratitude, saying:
“We are extremely proud to have achieved this milestone and are thankful to our investors for their continued belief in our vision. Their contributions extend beyond financial support, offering us strategic insights that have been vital in shaping our growth.”
Gautier Waterlot, CSO of Insens, highlighted the investors’ trust, stating:
“The increased investment from all our business angels is a clear sign of their confidence in our solutions and our team. We’ve built strong collaborations through our Advisory Board and investor meetings, which have been instrumental in our progress.”
Nicolas Verbeek, CTO of Insens, remarked:
“This capital increase ensures we have the resources needed for our upcoming projects. However, to accelerate our growth even further, we may explore additional funding in the short to medium term, possibly from venture capital firms specializing in our industry.”
To further strengthen the governance of the company, and subsequent to the capital increase, the Board of Directors of the company has been enlarged to improve governance, strategic decisions and communication with investors.
It is now composed of 5 members:
- Guillaume Francaux, CEO, Founder
- Gautier Waterlot, CSO, Founder
- Nicolas Verbeek, CTO, Founder
- Serge Bassem, Entrepreneur
- Pierre De Muelenaere, Entrepreneur, President of the Board
The activities of the Board of Directors will complement those of the Advisory Board of Insens which is now operational since February 2023.
About the capital increase
The capital increase has been subscribed by the following Angels: Michel Hemberg (CEO Lisam) and Thierry Levintoff (CFO Lisam) through Lisam Connect SA, Daniel Deneyer (Past CEO Lepage), Benoit Soenen (CEO Wanty), Eric Vandroogenbroeck (Partner Sofindev), Baudouin Dierickx (ex Maintenance Manager AGC), Serge Bassem (Past CEO ewon), Pierre De Muelenaere (Past President&CEO, IRIS). It has also been subscribed by Sambrinvest and Boost Engineering.
The total amount of capital raised is €950.000 which is sufficient to finance the next step of development of the company.
About Insens
Insens SRL is a technology company focused on predictive maintenance and energy optimization for industrial rotating machines. Its flagship solution, RED, is a condition monitoring system that anticipates equipment breakdowns, reducing the cost of unplanned production stops and enhancing energy efficiency in industrial environments. Unlike traditional systems that rely on vibration analysis, RED uses the electrical signature of rotating equipment, making it easy to install and suitable for hazardous or hard-to-reach locations.
It has been founded by Guillaume Francaux, Gautier Waterlot and Nicolas Verbeek.
Insens’ unique technology is patent-pending, and its clients include major industrial groups such as TotalEnergies, Lhoist, Knauf, and Heidelberg Materials.
Insens Team is supported by a Board of directors and by an Advisory Board composed of :
Michel Hemberg
Thierry Levintoff
Daniel Deneyer
Benoit Soenen
Eric Vandroogenbroeck
Baudouin Dierickx
Serge Bassem
Pierre De Muelenaere
The Board of Directors is composed of :
Guillaume Francaux, CEO, Founder
Gautier Waterlot, CSO, Founder
Nicolas Verbeek, CTO, Founder
Serge Bassem, Entrepreneur
Pierre De Muelenaere, Entrepreneur, President of the Board