2197

CompPair closes a seed round of 860k€

CompPair Technologies Ltd. is honoured to close a seed round of 950 kCHF (860k€). This investment will allow the company to recruit new talents, secure market penetration, push the communication and create a second product family.

CompPair closes a seed round of 860k€
READING TIME

2 minutes, 20 secondes

CompPair successfully closed a Seed Round of 950 kCHF with an additional opportunity for gobble up. The 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 precious contributions from private investors.

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 Mio. The network counts over 80 private investors, all experienced investors with broad experience in deep-tech startups. CompPair, an EPFL spin-off, invented a new composite material able to repair itself: damage from manufacturing, impact, or fatigue can easily be repaired in only 1 minute by applying heat. CompPair helps their clients build better products, that last longer and produceless waste. Their technology acts during the whole lifetime of products, helping manufacturers, consumers and the planet. CompPair’s first product family, HealTechTM, has witnessed a large interest within the sports and marine sectors.

Launched in 2020, CompPairhas been very active in the European Startup ecosystem. Indeed, among other successes, CompPair was selected by Space4Impact as the Startup of the year 2020 and the pre-impregnated textiles received the Solar Impulse Foundation Label in 2020.They were also finalists of the Hello Tomorrow Global challenge in the aeronautics track, the JEC Startup booster 2020-2021 and the Swiss Technology Award at the Switzerland Innovation Forum. In terms of rankings, they were established as one of the top 40 best high-tech startups in Europe and in world’s top 5 self-healing materials startups. More locally, CompPair was awarded with the Innovation prize by the Lausanne Regionto participate in the Prix PERL!

The seed investment round will allow the company to continue implementing the HealTechTMfamily 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 finalisation 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!”

Amaël Cohades, CEO and co-founder of CompPair
More information http://comppair.ch/