TreaTech has announced its Series A financing for CHF 9 million (€9.1 million) has closed successfully, led by Engie New Venture (ENV) and Montrose Environmental Group (MEG) as well as the EIC Fund, Sipchem Europe, CMA CGM Fund for Energies and Holdigaz.
The investors have a deep conviction in TreaTech’s technology and its potential to improve waste treatment while providing additional sources of renewable gas for broad energy use, according to the company.
TreaTech was founded in 2015 by life sciences and chemical engineers at the Swiss Federal Institute of Technology in Lausanne. The company produces a product that can convert various waste streams into valuable resources in a sustainable and cost-efficient manner.
Its patented technology utilises hydrothermal gasification (HTG) to convert waste streams that are usually incinerated into integral products, such as fresh water for industrial and consumer use, minerals including phosphorous, nitrogen and potassium used for fertiliser - as well as a constant supply of methane-rich renewable gas that can be used as an onsite energy solution or injected into the grid network.
Frédéric Juillard, CEO of TreaTech, said: “We believe our innovative technology unlocks the future of waste treatment processes. By embedding modular and circular solutions into existing waste treatment processes we are able to extract the maximum value waste outputs. We have already validated our technology against multiple sectors and proved that our product can transform waste streams into high value resources.
“We are pleased that industrial public listed multinationals share our vision and ambitions for the future. We are grateful for their investment which allows us to further develop our technology, extend our product offering to more clients, and raise awareness of the importance of circular waste treatment solutions.”
Waste treatment startup raises €9.1 million in series A funding round
