Aloxy Secures €7.4 Million Investment for Global Expansion
Deal News | Mar 11, 2025 | Qbic Venture Partners
In March 2025, Aloxy, a spin-off from the University of Antwerp, announced it has raised €7.4 million from a group of investors that include Dow Venture Capital, Emerson Ventures, existing backers Qbic Fund, Industrya Fund, Innovation Fund, imec.istart fund, and University of Antwerp. This funding round is aimed at supporting Aloxy's continued global expansion. Aloxy specializes in Industrial Internet of Things (IIoT) solutions, offering wireless sensors and software systems that provide real-time data on manual operations in the chemical and energy industries. By enhancing safety and reducing human errors, Aloxy's technology—currently utilized by major players like Shell, BASF, and Chevron—is positioned as a game-changer for industrial operations. Dow Ventures and Emerson Ventures are both investors and partners in the endeavor, underscoring the strategic synergy and potential value that Aloxy's solutions bring, particularly in aiding industries with their transition to Industry 4.0. The funds will help Aloxy enhance its growth strategy and launch new products focused on expanding use-cases and optimizing data management. The investment reaffirms the significant role of innovative digital solutions in industrial settings.
Sectors
- Internet of Things (IoT)
- Chemical Industry
- Energy Industry
- Venture Capital
Geography
- Belgium – Aloxy is based in Antwerp, Belgium, serving as the headquarters for its operations and development.
- Global – Aloxy operates in over 30 countries worldwide, indicating a broad geographical footprint beyond its Belgian base.
Industry
- Internet of Things (IoT) – The article emphasizes Aloxy's role in developing IoT solutions for industrial applications, specifically focusing on the chemical and oil & gas industries.
- Chemical Industry – Aloxy's technology is applied within the chemical industry, with companies like Dow using their solutions.
- Energy Industry – The technology also caters to the oil & gas sectors, demonstrating its relevance in the energy industry.
- Venture Capital – The infusion of funds from venture capital firms to support Aloxy's growth highlights the sector's pivotal role in funding innovation.
Financials
- €7.4 million – The total amount raised in this funding round to support global expansion and product development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aloxy | Target company | Company | A Belgian technology company specializing in Industrial IoT solutions for the chemical and energy industries. |
| Dow Venture Capital | Investor | Company | The venture capital arm of Dow Inc., involved as both investor and a customer in the funding round. |
| Emerson Ventures | Investor | Company | The venture capital arm of Emerson, invested to support Aloxy as well as leveraging Aloxy's technology in their own operations. |
| Qbic Fund | Existing Investor | Company | A venture capital fund that has been a long-term supporter and investor in Aloxy. |
| Industrya Fund | Investor | Company | An existing investor in Aloxy, supporting its innovation and global expansion. |
| Innovation Fund | Investor | Company | An investment fund backing technological innovation, part of the consortium investing in Aloxy. |
| imec.istart fund | Investor | Company | An early stage support program for startups, providing initial support to spin-offs like Aloxy. |
| University of Antwerp | Investor | Institution | Origin and spin-off institution for Aloxy, maintaining a supportive role in its growth. |
| Ryan Henry | Venture Capital Director | Person | Director for Dow Inc., involved in the investment into Aloxy. |
| Monika Tall | Project Manager | Person | Global Digital Manufacturing Project Manager at Dow Inc., commenting on the strategic significance of Aloxy’s technology. |
| Thurston Cromwell | Vice President of Development and Innovation | Person | Head of Emerson Ventures, supporting the partnership with Aloxy. |
| Frank Gielissen | CEO | Person | CEO of Aloxy, visioning the company’s growth and partnership strategy. |
| Sofie Baeten | Managing Partner | Person | Managing Partner at Qbic Fund and Chair of the Board at Aloxy. |