At the end of April, Daphne Technology launched its crowdfunding campaign via Crowdcube to enable private individuals to invest in one of Europe's most innovative climate tech start-ups. The crowdfunding is complementary to the €8 million in funding raised from European Union's Horizon 2020 research and innovation program and venture capital (first equity round). It is also complementary to its ongoing second equity round. The team is in the process of raising additional capital through a second equity round to conduct pilot testing with leading shipowners and support the commercial ramp-up.
Daphne Technology is developing a catalyst-free scrubber technology to help the petrochemical, power and transportation industries to reduce air emissions to the levels required by international and national regulations. Daphne Technology’s patented nanotechnology-based solutions can be miniaturized and are especially well-suited to meet the requirements of marine vessels.
The crowdfunding press release and the campaign generated significant interest worldwide. In just a few days, eleven leading publications picked up the story. Speaking of the success Dr. Mario Michan, Founder & CEO says: “The capital raised through crowdfunding means a lot to us. It includes investment from our families, friends, and supporters. We are proud that so many people believe in our mission, support our company, and want to join our journey.”
(Press release)
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