Veridis

What Veridis does

Veridis Technologies B.V. is a Dutch deep-tech company founded in 2020 that develops and commercializes MADSCAN®, an industrial-scale thermal analysis system for polymer characterization in plastic recycling. The technology addresses a structural gap in recycling quality control: conventional differential scanning calorimetry analyzes only 20–50 mg samples that cannot represent industrial batches of heterogeneous mixed plastic waste. MADSCAN increases sample size by a factor of 10,000x to 100,000x (up to 10,000 flakes/granules per scan across 250 temperature sensors) while delivering >99% accuracy on polymer (sub)type fractions and detecting impurities down to <1%, with each measurement completing in 1–2 hours. Two instrument models — the T-50 (Try-and-Buy / contract testing flagship) and the S-50 (next-to-line production integration) — feed a centralized Cloud Dashboard that runs Veridis algorithms against an expanding polymer database to deliver automated composition analysis and downloadable quality reports for regulatory compliance.

Revenue is generated from three streams: capital equipment sales of the MADSCAN T-50 and S-50 systems, contract testing services where Veridis analyzes customer samples at its own facilities, and a non-exclusive recurring software license to the Cloud Dashboard / polymer database. Go-to-market is sales-led and event-driven, anchored by a Try-and-Buy program (all costs included on-site deployment at customer facilities before purchase decision) and direct enterprise field sales targeting mechanical and chemical plastic recyclers and compounding companies in the Netherlands and Germany, with planned European rollout. Production is handled by manufacturing partner Mecal, distribution is amplified through partnership with Plastship GmbH, and demand is structurally tied to EU PPWR recycled-content mandates and Netherlands national targets. Veridis has raised an initial €70,000 TopSector Energy Industry grant (October 2020) and an undisclosed round from strategic investor NETZSCH and impact investor DOEN Participaties (February 2024), and operates from three locations: the High Tech Campus in Eindhoven (headquarters), Amsterdam, and Hillegom.

Name

Veridis

Legal name

Veridis Technologies B.V.

Website

https://veridis.tech

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Veridis Technologies B.V. is a Dutch deep-tech startup (founded 2020) that builds MADSCAN®, an industrial-scale thermal analysis system delivering >99% accurate polymer composition data for plastic recyclers and compounding companies.

Ownership category

akta.pro rank

Product category

Polymer Thermal Analysis Instruments for Plastic Recycling

NAICS

Analytical Laboratory Instrument Manufacturing (334516)

akta.pro primary industry

Plastic Recycling Equipment & Technology Providers (Sorting, Washing, Extrusion) (EUAIAKAM)

Keywords

• Thermal analysis technology
• Polymer composition analysis
• Plastic recycling quality control
• Recyclate characterization instruments
• Industrial material measurement

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Operations

Revenue model

1. MADSCAN Hardware Systems: Sale of MADSCAN® T-50 and S-50 instruments for on-site polymer analysis at recycling facilities. S-50 is a next-to-line integration model while T-50 is designed for Try-and-Buy and contract testing.
2. Contract Testing Services: MADSCAN® testing services where Veridis analyzes customer plastic samples at their facilities or in-lab. Provides batch-representative composition analysis for quality assurance.
3. Software License (Cloud Dashboard): Non-exclusive, non-transferable and royalty-free license to use the Software for MADSCAN® data during the Contract Term. Cloud Dashboard provides online access to polymer database and results portal.
4. Try-and-Buy Program: On-site Try-and-Buy program with all costs included for experiencing MADSCAN T-50 benefits firsthand at customer facilities before purchase decision.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Veridis designs, develops, and sells the MADSCAN® industrial-scale thermal analysis platform for measuring polymer composition in mixed plastic recycling streams. Its product line centers on the MADSCAN® T-50 and S-50 instruments, complemented by the MADSCAN® Cloud Dashboard software, Contract Testing services, and a Try-and-Buy on-site pilot program for mechanical and chemical recycling facilities.

Product overview

Veridis offers a unified product ecosystem centered on MADSCAN®, an industrial-scale thermal analysis technology for polymer characterization in plastic recycling. The core MADSCAN® system is complemented by two instrument models: the T-50 (flagship commercial unit with Try & Buy availability) and the S-50 (a next-to-line integration model). The Cloud Dashboard serves as the centralized software layer, hosting the polymer database and delivering automated analysis results to customers. Veridis also provides two service offerings: a Contract Testing Service for off-site sample analysis, and a Try & Buy Program for on-site pilot validation. The MADSCAN® EASE-Principle framework documents the four core pillars (Easy, Accurate, Scalable, Efficient) that define the technology's differentiation from conventional polymer analysis methods such as NIR spectroscopy and DSC.

Differentiator

Problem solved

Functional benefit

Brands

• MADSCAN®: Industrial-scale thermal analysis technology providing >99% accurate insight into the composition of complex plastic streams, enabling more profitable and efficient plastic recycling. Available in T-30 and T-50 models.

Products and services

• MADSCAN® T-50 Flagship commercial thermal analysis instrument for industrial-scale polymer composition analysis. Analyzes up to 10,000 flakes or granules per scan across 250 temperature sensors, delivering >99% accuracy in 1–2 hours per sample, with active cooling, nitrogen flush, and Cloud Dashboard integration. Designed for next-to-line deployment at mechanical and chemical recycling facilities for incoming and outgoing feedstock characterization.
• MADSCAN® Cloud Dashboard Online software portal and centralized polymer database that runs MADSCAN® analysis, stores and manages measurement data, and generates results for the S-50 and T-50 instruments using Veridis algorithms. Provides automated analysis reports, comparison of material data across facilities, and downloadable quality reports for regulatory compliance. Delivered to customers under a non-exclusive, non-transferable, royalty-free license during the contract term.
• MADSCAN® Contract Testing Service Service where Veridis analyzes customer plastic samples using MADSCAN® instruments either at Veridis facilities or in-lab, providing batch-representative composition analysis. Customers submit samples and receive certified quality assurance reports on polymer composition and fraction weights via the MADSCAN customer portal.
• MADSCAN® T-50 Try & Buy Program On-site pilot program where Veridis brings the MADSCAN T-50 instrument to customer facilities with all costs included, enabling prospective customers to experience real-time plastic analysis operations before purchase, with hands-on onboarding and support from Veridis application specialists.

Quantifiable outcome

• +25% recyclates value increase for customers
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature4 records

Partnerships

16 partnerships are on record, tiered core and supporting.

• LyondellBasellcoreStrategic or Co-development Partner · 1 January 2024Collaborating in the KiK (Kwaliteit in Kunststofrecycling) project with Veridis, Resolved, and Chill, co-funded by EU and provinces of Noord-Brabant and Limburg via OpZuid subsidy. LyondellBasell is one of the world's largest plastics, chemicals and refining companies.
• Resolved (ReSolved Technologies)coreStrategic or Co-development Partner · 1 January 2024Collaborating in KiK project with Veridis, LyondellBasell, and Chill. In 2026, ReSolved Technologies hosted the first field installation of MADSCAN T-50 as part of the project. Veridis CTO and mechatronics engineer installed the system on-site.
• Chill (CHILL)supportingStrategic or Co-development Partner · 1 January 2024Collaborating in KiK project for validation of MADSCAN technology and skills development of Limburg students.
• MecalcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2024Production partner for manufacturing MADSCAN systems. Job creation mentioned at Mecal in North Brabant as part of project impact.
• Plastship GmbHcoreGTM or Marketing Partner · 1 January 2024European network for procurement and recycling of plastics. Close collaboration to build circular economy and bring MADSCAN technology to market. Plastship launched Plastic Recycling Taskforce in 2024. Joint booth presence at PRSE (Veridis AA2, Plastship B12).
• OpZuidsupportingOthers · 1 January 2021EU and provinces of Noord-Brabant and Limburg subsidy program co-funding the KiK (Quality in Plastic Recycling) project.
• Provincie Noord-BrabantsupportingOthers · 1 January 2021Provincial government co-funding KiK project and visited lab in 2022 with deputy Martijn van Gruijthuijsen.
• Alliance to End Plastic WastesupportingOthers · 1 January 2021Selected as one of 11 startups to join the Alliance which entails 50 multinationals with common goal of reducing plastic waste.
• RVO (Netherlands Enterprise Agency)supportingOthers · 1 January 2021Provided contribution for circular chain project and organized CES 2025 trade mission where Veridis participated at RVO booth.
• HighTechXLcoreStrategic or Co-development Partner · 1 January 2020High-tech startup accelerator, part of International Top Five List of Startup Accelerators. Completed 9-month venture-building program (Covid Cohort). Received pitch coaching, weekly support, and investor introductions.
• NTT DatasupportingTechnology or IntegrationListed as partner with logo on homepage.
• Polymer Science ParksupportingStrategic or Co-development PartnerListed as partner with logo on homepage. Knowledge partner for polymer research and development.
• Provincie LimburgsupportingOthersProvincial government co-funding KiK project.
• Ministerie van Economische ZakensupportingOthersDutch Ministry of Economic Affairs, partner logo on homepage.
• LeadershIP 4SMESsupportingOthersListed as partner with logo on homepage.
• The Compound CompanysupportingStrategic or Co-development PartnerPartner in circular chain project with TUSTI BV, Veridis, Water2keep BV, and De Grondstoffendienst. Joint presentation on Blackwashing Project at Kunststoffenbeurs 2024.

Scale indicators12 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• NETZSCH: NETZSCH is the global leader in thermal analysis (DSC, TGA) and is both a strategic investor in Veridis and the most direct competitor. Their DSC instruments are the conventional method MADSCAN aims to displace at industrial scale, making them the closest comparable in technology and customer overlap.
• trinamiX (BASF): trinamiX is BASF's mobile NIR spectroscopy subsidiary focused on plastic identification and sorting for recycling. They target the same plastic recycling QA market with handheld and inline NIR solutions, positioning them as a direct competitor on customer need and use case.

Broad incumbents

• Mettler Toledo: Mettler Toledo is a major analytical instrument manufacturer with DSC and thermal analysis product lines serving material characterization customers. While much broader than Veridis, they compete head-to-head in thermal analysis workflows used by plastic converters and recyclers.
• TA Instruments (Waters): TA Instruments, a Waters Corporation subsidiary, is a leading global manufacturer of thermal analysis instruments (DSC, TGA, DMA). Their Discovery and Trios product lines serve R&D and QA labs including polymer characterization — a directly adjacent customer base to MADSCAN.
• Bruker: Bruker manufactures FTIR, NIR, and Raman spectrometers widely used for polymer identification and quality control in plastics. Their analytical instrument portfolio serves overlapping customer use cases (polymer composition analysis) with established global sales/service infrastructure.

Emerging players

• TOMRA: TOMRA is a global leader in sensor-based sorting for recycling, with NIR-based systems deployed at mechanical recycling facilities. They serve the same customer segment (plastic recyclers) with complementary (rather than competing) technology, and could be a partner or competitive channel threat.
• Sesotec: Sesotec manufactures sorting and detection equipment for plastics recycling including NIR-based flake and granulate sorters. They share target customers (recyclers needing composition analysis) and exhibit alongside Veridis at PRSE — making them a directly adjacent competitor in recycling analytics.
• Sensory Analytics (SpecMetrix): Sensory Analytics (SpecMetrix) provides inline coating and material measurement systems for industrial QA. While focused on coatings, their technology approach (inline/in-process measurement) parallels MADSCAN's next-to-line integration model for recycling facilities.
• Polysecure: Polysecure is a German deep-tech startup providing tracer-based sorting technology for plastics recycling. They target the same customer base with a different technical approach (fluorescent markers) and are comparable as European early-stage recycling analytics players.
• Steinert: Steinert manufactures sensor-based sorting systems for recycling including NIR and hyperspectral units. They serve the same plastic recycler customer base with established industrial-scale sorting equipment, making them an adjacent comparable for both technology and customer overlap.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/28830371

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veridis