The incubator and seed fund The Faktory is glad to announce the acquisition by Fluidra of its startup Riiot Labs. Fluidra is the listed Spanish multinational group devoted to the Pool & Wellness sector.
Founded in 2015 by two engineers from Liege and The Faktory, Riiot Labs developed and industrialized Blue, the first smart device for testing and analyzing the quality of pool water.
To do so, The Faktory, with its internal engineering team especially dedicated to the Internet of Things (IoT), set up a complementary international ecosystem of partners. Riiot Labs also benefited from the strong and efficient support of regional authorities and agencies as well as local banks .
Riiot Labs is a good example of IoT projects The Faktory is looking for: a market driven startup launched quickly, developing a cutting edge product and able to find an industrial partner to take over and ensure the global leadership and growth of the company operated from Liège.
The entire Faktory team wishes all the best to Riiot Labs and Fluidra in their future achievements in the pool industry.
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