EPFL spin-off CompPair raises CHF 950,000 for its self-healing compositesTuesday 6 April 2021
Bringing the healing capability of human flesh to composites, EPFL spin-off CompPair Technologies has closed a seed round of CHF 950,000.
Launched in 2020 as an EPFL spin-off, CompPair invented a new composite material able to repair itself: damage from manufacturing, impact, or fatigue can easily be repaired in only one minute by applying heat.
CompPair helps its clients build better products that last longer and produce less waste. Their technology acts during the whole lifetime of products, helping manufacturers, consumers and the planet. CompPair’s first product family, HealTech, has witnessed a large interest within the sports and marine sectors.
The start-up has successfully closed a seed round of CHF 950,000 CHF with an additional opportunity for gobble up. The round was led by the StartAngels Network and a sustainability pioneer in the composites industry, along with precious contributions from private investors.
The seed investment round will allow the company to continue implementing the HealTech family within the composites market by extending the production capacity and building pilots to penetrate new industries.
“We just achieved a significant milestone; we are truly excited about further developments and are looking forward to welcoming new talents within the team. I want to thank our partners, the companies, foundations and advisors that supported us up to now,” says Amaël Cohades, CEO and co-founder of CompPair.
An adventure of many successes
CompPair has been very active in the European start-up ecosystem. It was selected by Space4Impact as the start-up of the year 2020, and its pre-impregnated textiles received the Solar Impulse Foundation Label in 2020.
The Vaud-based company was also a finalist 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.