What does DePoly do?
DePoly is a sustainable recycling company based in Sion that converts PET and textile waste into high-quality raw materials through an energy-efficient process capable of handling complex waste streams.
How much did they raise?
The company secured $23M in a Seed round led by MassMutual Ventures, with participation from investors including Founderful, ACE & Company, Angel Invest, Zürcher Kantonalbank, BASF Venture Capital, Beiersdorf Venture Capital, and Syensqo.
What are their plans for the money?
The funds will be used to accelerate expansion and development efforts, enhancing the company's capacity to process mixed, dirty, and traditionally non-recyclable post-consumer and post-industrial waste.
What have they achieved so far?
DePoly has already demonstrated success with its innovative recycling process, which efficiently converts complex PET and textile waste into valuable raw materials without compromising quality.
