In a landmark move for both the recycling and chemical industries, DePoly, the Swiss start-up specializing in sustainable solutions, has secured CHF 12.3 million in seed funding. This exciting announcement marks the firm’s fourth funding round, propelling the company’s total capital to CHF 16.3 million.
DePoly, based in Sion, Valais, Switzerland, is redefining recycling and chemical production norms with their ground-breaking technology. The start-up has devised a unique chemical process that turns unsorted, dirty, post-consumer PET plastic items into virgin-grade raw materials. This is a significant stride towards curbing plastic waste and promoting circular economy principles.
The lead investors in this seed funding round were BASF Venture Capital and Wingman Ventures. Other noteworthy investors who joined the round include ACE & Company, Angel Invest, Beiersdorf, Ciech Ventures, Infinity Recycling, and Zürcher Kantonal Bank.
This impressive roster of investors exemplifies the start-up’s promising potential and reflects the rising global interest in businesses contributing to sustainable solutions.
DePoly’s technology presents a step-change in the recycling industry, offering the potential to solve one of the world’s most pressing environmental problems – plastic waste. Despite ongoing efforts, the vast majority of plastic is still not effectively recycled. DePoly’s solution could significantly shift this narrative by turning waste into a valuable resource, potentially reshaping the industry entirely.
The latest funding will be crucial for the further development and commercialization of DePoly’s technology. The CHF 12.3 million in seed funding underscores the significant potential of this innovative start-up to drive forward a more sustainable future in chemical and recycling industries.
This seed round not only highlights DePoly’s position as an industry pioneer but also underscores the increased recognition of the importance of sustainability and circular economy practices in global industries. It’s a clear testament to the investment world’s commitment to fund businesses that prioritize and promote sustainable solutions to pressing global challenges.
Stay tuned as we watch DePoly’s journey towards transforming the future of plastic recycling.
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