Vaud-based deep-tech and EPFL spin-off MeduSoil raises CHF 2 millionTuesday 12 January 2021
MeduSoil, a spin-off of EPFL which develops a smart construction material for ground stabilization, has raised CHF 2 million in seed funding.
Founded in 2018, the Vaud-based deep-tech spin-off of EPFL, MeduSoil has developed a novel, containerized technology to enable bio-cementation applications in construction and geo-environmental works. This system safeguards built assets against natural hazards and enables sustainable land development on solid foundations by reducing CO2 emissions in, otherwise, energy-intensive construction works.
The team has now secured a seed investment: A Swiss family Holding, represented by Schwartzkopff Partners AG, Realstone Holding AG and Veloxis AG participated in a CHF 2 million seed round to fund the company’s growth plans.
“We have crystallized years of research on environmentally-friendly carbonate mineralization into a complete, efficient and ready-to-deploy system which disrupts an industry that hasn’t been disrupted in decades. Our focus is now put on accelerating our growth,” says Dimitrios Terzis, co-founder of MeduSoil.
Solving a “real headache” in one of the most global and growing markets
Ground stabilization represents a crucial challenge in all construction projects and a major market opportunity, worth CHF 28 billion annually. It finds industrial applications in roads, railroads, airfields, embankments, reservoirs, canals and coastal engineering. Rapid urbanization, particularly in the developing regions, is fueling the ground stabilization market growth due to the scarcity of suitable land for development.
Wolfgang Schwartzkopff, from Schwartzkopff Partners, explains: “MeduSoil’s work presents an industry-ready solution which solves a real headache in one of the most global and growing markets. We are looking forward to supporting the team in becoming a strong player with market outreach in Europe and elsewhere.”