Lausanne – DeepTech company Daphne Technology, which focuses on climate solutions, is receiving an additional 3 million Swiss francs from institutional investors in its current financing round. This brings the total volume to 17 million Swiss francs.
Institutional clients of the Global Transportation Group of asset manager J.P. Morgan Global Alternatives increase Daphne Technology ‘s capital by CHF 3 million. This brings the Climate DeepTech company, based in Lausanne with offices in Norway and Sweden, to a total of 17 million Swiss francs raised in its Series B financing round this year, according to a media release. Strategic investors include Shell Ventures, Trafigura, AET Tankers, Swisscom and Saudi Aramco Energy Ventures.
Daphne Technology focuses on solutions to the greenhouse gas problem in industries that are difficult to decarbonize. For example, the company has developed “some of the most mature and economical methane reduction technologies on the market,” Nicholas Meer, managing director of J.P. Morgan Global Alternatives’ Global Transportation Group, is quoted as saying. “We believe Daphne can play an important role in the maritime industry’s transition to net zero gas.”
Andrian Dacy, Global Head of the same company, is “impressed with the unique technology solutions” offered by “industry innovator” Daphne, for both the maritime and general energy industries. Daphne founder and CEO Dr. Mario Michan is “proud that we continue to attract world-class investors who want to partner with us for an economically sustainable energy transition.”
Daphne won the inaugural Ocean Solutions Award at the Nor-Shipping conference this year. In addition, the company was one of only a few to be ranked 10th in 2022, making it Venturelab ‘s Top 100 Swiss Startups for the fifth year in a row. mm