MeduSoil bags CHF2M in Seed financing round for commercial scaling
16.12.2020
MeduSoil specialized in construction-tech business to produce and commercialize smart material which mineralizes carbon underground secures a CHF2M Seed financing round to ramp up commercialization.
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MeduSoil deep-tech spin-off of EPFL has developed a novel, containerized technology to enable bio-cementation applications in construction and geo-environmental works. This system safeguards built assets against natural hazards and enables sustainable land development on solid foundations by reducing CO2 emissions in, otherwise, energy-intensive construction works. The startup is ready to ramp up production and grow its operations within an attractive niche market where incumbent solutions based on cement and petroleum derivatives fail to be successful.
Dimitrios Terzis, co-founder of MeduSoil, says “We have crystallized years of research on environmentally-friendly carbonate mineralization into a complete, efficient and ready-to-deploy system which disrupts an industry that hasn’t been disrupted in decades. Our focus is now put on accelerating our growth in an orderly way by securing market expansion and multiplying customer success stories.”
The CHF2M will be allocated to speed up commercialization and the financing round was completed by Schwartzkopff Partners AG, Realstone Holding AG, and Veloxis AG.
MeduSoil has been supported by Venture Kick in 2018 and participated in AIT India in 2016.
Dimitrios Terzis, co-founder of MeduSoil, says “We have crystallized years of research on environmentally-friendly carbonate mineralization into a complete, efficient and ready-to-deploy system which disrupts an industry that hasn’t been disrupted in decades. Our focus is now put on accelerating our growth in an orderly way by securing market expansion and multiplying customer success stories.”
The CHF2M will be allocated to speed up commercialization and the financing round was completed by Schwartzkopff Partners AG, Realstone Holding AG, and Veloxis AG.
MeduSoil has been supported by Venture Kick in 2018 and participated in AIT India in 2016.