Bern – OceanSafe receives a loan from the Zurich Cantonal Bank, which is guaranteed by the Swiss Federal Technology Fund. Together with the proceeds from a financing round, the specialist for biodegradable, reusable textile materials has thus secured 5.1 million Swiss francs.
OceanSafe AG has received a loan from Zürcher Kantonalbank. This is guaranteed by the Federal Technology Fund, according to the Bern-based company. In a previous financing round, Mönchengladbach-based Rütters GmbH and Zurich-based investment company exelixis capital invested in OceanSafe. It has thus received a total of CHF 5.1 million in fresh funds.
OceanSafe intends to use the funds for the development of the next generation of recyclable textile materials, for market expansion and for organizational growth.
Founded in 2019, the company launched naNea in 2021. The non-toxic, biodegradable material replaces conventional polyester. Series production of naNea is currently being prepared.
“Our aim is to support textile brands in the transition to circularity and in reducing their ecological footprint,” OceanSafe founder and CEO Manuel Schweizer is quoted as saying in the press release. The textile industry is increasingly aware that it needs to produce truly recyclable materials with low ecological follow-up costs. “The fresh funds will play a central role in the expansion of our textile materials business and in our organizational growth.” ce/stk