SafeLoc Systems raises €1.45M seed round

SafeLoc Systems has raised €1.45 million in seed funding to expand its industrial safety platform across Europe, the Donostia, Spain-based startup said on October 6, 2026. The company said the round will support product scaling and broader market expansion, as it builds out technology designed to track assets and people in industrial environments.

The startup described its system as a real-time positioning platform that uses Ultra-Wide Band, or UWB, short-range communications. According to Preqin’s asset profile, the technology can work in difficult industrial conditions, including environments with metal, suspended dust and electromagnetic fields. SafeLoc says the product helps reduce workplace accidents in industrial settings by 90%, a claim also reported by Noticias de Gipuzkoa and Forbes España.

What exactly did SafeLoc Systems raise?

SafeLoc Systems completed a €1.45 million seed round rather than a larger growth financing, according to EU Startups News and other reports. The funding was announced on October 6, 2026, and multiple outlets reported it as a closed round. Noticias de Gipuzkoa also said the new capital will help the company expand its activity across Europe.

EU Startups reported that the proceeds will support product scaling and market expansion. That is the extent of the stated use of funds in the supplied reporting.

Who backed the round?

The round was led by Kutxa, according to EU Startups News, which said BeAble Capital also participated. Forbes España reported a slightly fuller investor list, saying the round was led by Kutxa Fundazioa alongside BeAble Capital and Basque Tek Ventures. Preqin’s asset profile likewise lists Kutxa Fundazioa as the lead investor and Basque Tek Ventures and BeAble Capital as participants.

SafeLoc is based in Donostia, in Spain’s Basque Country. The reports consistently place the company’s funding around regional investors, with the round also described by different outlets as led by Kutxa or Kutxa Fundazioa.

What does SafeLoc’s product do?

SafeLoc Systems builds real-time positioning systems for locating assets and people in industrial settings. Its platform is designed for industrial environments where precise tracking is needed to monitor workers or equipment.

Preqin says the company uses Ultra-Wide Band technology, a short-range wireless standard often used for precise indoor positioning. The system is described as suitable for challenging facilities with metal structures, suspended dust and electromagnetic interference.

SafeLoc has also been positioned as a workplace safety company rather than only an asset-tracking vendor. Forbes España reported that the startup says its technology can cut more than 90% of workplace accidents in hostile industrial environments. As with many early-stage industrial tech claims, that figure should be read as the company’s own performance claim rather than an independently verified benchmark.

What is next for SafeLoc Systems?

The immediate priority is expansion. SafeLoc said the fresh capital will allow it to broaden its activity across Europe, and EU Startups News said the money will support product scaling and market expansion.

Forbes España also reported that SafeLoc already has customers including Gestamp, ArcelorMittal, Ternium and ABB. That customer list would give the company a commercial base in large industrial operations as it works to expand across Europe.

The company’s round was also reported at a €4.5 million valuation by Forbes España, which adds a bit more context to the financing without changing the announced amount. Together, the reports suggest SafeLoc is trying to turn a specialized industrial safety product into a broader European business backed by strategic investors and early enterprise customers.