Bern-based OceanSafe secures funding to advance sustainable textile solutions
Tech
12 December 2022
To advance the development of circular materials, OceanSafe has closed a seed funding round to support its growth and research and development efforts.
OceanSafe, a provider of sustainable solutions for circular, non-toxic, and biodegradable textiles, has closed a seed funding round to support its growth and research and development efforts.
The Bern-based start-up offers two solutions for textile brands: a line of biodegradable and toxin-free synthetic fibers and yarns, and a circular product solution that helps brands develop and manufacture circular finished products, as well as provide end-of-life solutions.
“Our goal at OceanSafe is to help textile brands and manufacturers with innovative technology on their path towards circularity,” said Manuel Schweizer, Founder and CEO of OceanSafe. “The support of our investors will allow us to progress the development work on our next generations of fibers and yarns as well as to scale up our fiber and yarn business and grow the organization.”
Disrupting the entire textile industry
The latest financing round was led by German family investment office Rütters GmbH and Swiss circular economy venture capital firm exelixis capital. “We’re thrilled to back OceanSafe’s expansion and its mission to fast-track the textile industry to circularity,” said Knut Rütters, CEO of Rütters. “OceanSafe has the team and expertise to perform at the highest level. OceanSafe will undoubtedly lead the textile industry’s sustainability efforts towards a circular future. Our company is proud to be on board as investors and supporters of this highly innovative technology. In addition, we are happy to be able to establish a global distribution partnership with OceanSafe for its groundbreaking fibers and yarns.”
In addition to advancing its technology and expanding its presence in the market, OceanSafe will also use the funding to support its organizational growth.
Exelixis capital, which focuses on investing in circular economy ventures, also sees great potential in OceanSafe’s technology. “OceanSafe has the potential to disrupt the entire textile industry,” said Dr. Günther Dobrauz, Co-founding Investor of exelixis capital. “We strongly believe in the technology and in its vast potential to create positive environmental impact,” concluded exelixis capital Co-founding Investors Michael Dieckell and Sebastian von Döring.
