Lausanne-based MeduSoil, a specialised manufacturer of sustainable materials, announced that it secured CHF 5.2M (approximately €5.51M) in a post-seed round of funding to fuel expansion in production and sales.
The funds will also help the Swiss company to focus on expanding in Switzerland and Europe.
The investor!
MeduSoil secures support from existing investors in this funding round, entering the portfolio of the Technology Fund. The Fund provides loans to Swiss companies, ensuring financial support for products that contribute to a sustainable reduction in greenhouse gas emissions.
The Technology Fund claims to serve as a key political instrument in the Swiss government’s climate strategy, overseen by the Climate Division of the Swiss Federal Office for the Environment (FOEN) for strategic governance.
Currently, the Fund has 133 Swiss companies in its portfolio, aiding in greenhouse gas reduction. With CHF 261M (nearly €276.76M) in loan guarantees, it leverages its total pool of CHF 350M (nearly €370.1M) for supporting sustainable initiatives.
Dr. Dimitrios Terzis, CEO and co-founder at MeduSoil Ltd, says, “The Technology Fund’s instrumental support in this funding round signifies a strong endorsement of our vision and the innovative strides we are making in sustainable construction.”
MeduSoil: Everything you need to know
Founded in 2020, MeduSoil offers sustainable construction solutions and specialises in biomineral-based binder products, disrupting traditional reliance on chemically synthesised or mined binders in construction materials.
MeduSoil claims to drive the construction sector towards robust and sustainable building applications through biosynthesis. The company facilitates clients in achieving proximity to net-zero carbon emissions without compromising structural performance.
MeduSoil says it excels in earthworks, special foundations, and protective measures to enhance built environment resilience against natural hazards.
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