PRESS RELEASE - November 8, 2022
BERN, Switzerland - OceanSafe AG today announced it has closed a seed funding round to boost its growth and R&D advancement.
The seed round is led by Rütters GmbH, a German family investment office rooted in the textile industry, and exelixis capital AG, the Swiss circular economy venture capital and private equity investment firm. The round includes investment from various angel and impact investors from around the globe.
This round of financing will enable OceanSafe to scale up and further advance its technology development on circular materials, particularly on novel synthetic textile fibers and yarns. Additionally, OceanSafe will allocate funds towards its organizational growth, presence on international textile markets and the advancement of recycling solutions.
For the full press release, click here.