Oxara wins two renowned investors
The ETH spin-off Oxara, which emerged from D-BAUG in 2019, announces the successful completion of its pre-series A financing round. With the aim of advancing the circular economy and reducing CO2 emissions in the construction industry, Oxara has reached a significant milestone with this capital injection and added two new investors to its circle. Congratulations!
The ETH spin-off aiming to foster circular economy and decarbonize the construction industry achieved a new milestone by securing a capital raising. Since its incorporation in 2019, Oxara has completed seven successful commercial pilots and secured industrial tolling partner to produce the cement-free admixture and binder. Furthermore, the patents portfolio has been extended through an active research and development of new products and a substantial growth of the team.
The capital raising brought two new investors to partner with Oxara; external page buildify.earth, an evergreen investment holding specializing in net technologies as well as circular and sustainable tech businesses, together with external page Mr. Samih Sawiris a well-respected founder and developer of a number of international real estate and hospitality projects.
The funds raised will be used to strengthen the operation and build, together with its industrial partners, the first cement-free building showcasing exclusively Oxara products. Now Oxara is preparing to scale its business and to offering fully commercialized products with national, global partners, and customers for the Swiss, DACH and global markets (Europe, Africa and Middle East).