Fresh funding to promote sustainable construction

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09.02.2024

MeduSoil is entering a new phase of growth that will see the company scale up production and sales operations to strengthen its presence in Switzerland and across Europe. The proceeds from its latest round, which includes equity, debt financing and a non-dilutive grant, will facilitate these plans.

Based at the EPFL Innovation Park, MeduSoil specializes in the development of biomineral-based binder products in the construction materials sector, challenging the conventional reliance on chemical synthesis or mined raw materials for binders. Designed to increase the stability of foundations, support ground support structures and reduce the risk of ground liquefaction in seismic zones, this patented technology has been stress-tested and validated under several conditions in urban and natural environments. This foundation reinforces the startup’s position to advance the transition towards delivering robust building applications. construction sector.

MeduSoil currently caters to international markets, enabling its customers to achieve closer proximity to net-zero carbon emissions while ensuring uncompromised structural performance. The company excels in areas such as earthworks, special foundations, and providing protective measures to enhance the resilience of the built environment against natural hazards.

Moving forward, Medusoil is poised to expand its solution further throughout Switzerland and across Europe, offering even more customers access to its portfolio of smart binder products. The recently closed financing round will support these growth plans and product enhancement. Moreover, the startup plans to intensify production and sales operations in the selected markets.

In addition to equity funding from existing investors, the round was complemented by a grant from Innosuisse as part of the Startup Innovation Project (SIP), and a loan guarantee from Technology Fund, which allowed the company to secure debt capital. The combined investments brought the total MeduSoil capital raised to CHF 5.2 million.

(Press release/RAN)

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