CompPair raises CHF 950K to extend production capacity and penetrate new industries
24.03.2021
Lausanne-based CompPair Technologies closed a CHF 950K Seed round. This investment will allow the company to recruit new talents, secure market penetration, push communication, and create a second product family.
 The CompPair team
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CompPair, an EPFL spin-off that was supported by Venture Kick in 2019, and supported by ESA BIC Switzerland in 2021 as well, invented a new composite material able to repair itself: Damage from manufacturing, impact, or fatigue can easily be repaired in only one minute by applying heat. CompPair helps its clients build better products that last longer and produce less waste. Their technology acts during the whole lifetime of products, helping manufacturers, consumers, and the planet. CompPair‘s first product family, HealTech™, has witnessed a large interest within the sports and marine sectors.
The CHF 950K Seed round was led by the StartAngels Network and Christian Fischer—CEO and co-founder of Bcomp, a sustainability pioneer in the composites industry—along with contributions from private investors. The seed investment round will allow the company to continue implementing the HealTech™ family within the composites market by extending the production capacity and building pilots to penetrate new industries. Following this development, the team will be strengthened by new talents in business development, engineering, and operations, reaching new markets but also progressing in the finalization of the second product family. “We just achieved a significant milestone; we are truly excited for further developments and are looking forward to welcoming new talents within the team. I would like to thank our partners, the companies, foundations, and advisors that supported us up to now,” said Amaël Cohades, CEO and co-founder of CompPair.
When asked about CompPair, Christian Fischer, investor and board member, stated: “I am fascinated by CompPair’s technology and strongly believe in its market potential. CompPair perfectly fits with my ambition to work with innovative tech companies that will have a positive impact on our future. I believe that I will be able to support the team in their exciting ventures thanks to my solid composites and entrepreneurship experience, and corresponding industry Network.”
Investor and board member, Thomas Rauber, member of the StartAngels Network and CEO of TR Invest SA, said: “I am delighted to contribute with my extensive knowledge in financial governance and entrepreneurial experience to the future success of CompPair. CompPair‘s technology and innovation answers to a real market need, and I have strong confidence in my investment in the company.” The StartAngels Network has led over 70 financial rounds up to date with a total investment value of over CHF 200 million. The network counts over 80 private investors, all experienced investors with broad experience in deep-tech startups.
The CHF 950K Seed round was led by the StartAngels Network and Christian Fischer—CEO and co-founder of Bcomp, a sustainability pioneer in the composites industry—along with contributions from private investors. The seed investment round will allow the company to continue implementing the HealTech™ family within the composites market by extending the production capacity and building pilots to penetrate new industries. Following this development, the team will be strengthened by new talents in business development, engineering, and operations, reaching new markets but also progressing in the finalization of the second product family. “We just achieved a significant milestone; we are truly excited for further developments and are looking forward to welcoming new talents within the team. I would like to thank our partners, the companies, foundations, and advisors that supported us up to now,” said Amaël Cohades, CEO and co-founder of CompPair.
When asked about CompPair, Christian Fischer, investor and board member, stated: “I am fascinated by CompPair’s technology and strongly believe in its market potential. CompPair perfectly fits with my ambition to work with innovative tech companies that will have a positive impact on our future. I believe that I will be able to support the team in their exciting ventures thanks to my solid composites and entrepreneurship experience, and corresponding industry Network.”Investor and board member, Thomas Rauber, member of the StartAngels Network and CEO of TR Invest SA, said: “I am delighted to contribute with my extensive knowledge in financial governance and entrepreneurial experience to the future success of CompPair. CompPair‘s technology and innovation answers to a real market need, and I have strong confidence in my investment in the company.” The StartAngels Network has led over 70 financial rounds up to date with a total investment value of over CHF 200 million. The network counts over 80 private investors, all experienced investors with broad experience in deep-tech startups.