Seprify AG with headquarters in Marly has concluded its first funding round, as was reported in a statement. Through this, it has raised 13.4 million euros. Investors include the Inter IKEA Group, headquartered in Delft, the Netherlands, the Una Terra Early Growth Fund, headquartered in Küsnacht in the canton of Zurich, Zürcher Kantonalbank, Cambridge Enterprise Ventures from Cambridge, United Kingdom, and Kickfund based in Basel.
Founded in 2022, Seprify has developed a platform that can be used to create cellulose-based active ingredients. These serve as alternatives to harmful substances such as titanium oxides. The active ingredients in Seprify can be used in cosmetics, food, coatings and electronics, among other applications.
Seprify will use the new capital to advance the industrial scale-up. The aim is to produce hundreds of tons per year through established manufacturing partners. Seprify is currently engaged with more than 100 customer organizations.
“This funding enables us to focus on execution and scale,” said Lukas Schertel. According to the Co-founder and CEO, “our immediate priority is delivering consistent quality and reliable supply, meeting the operational standards large industrial customers require”.
IKEA is looking for solutions that can realistically replace high-impact incumbent materials while fitting into existing manufacturing and recycling systems, explains Robert Carleke. The Innovation Ventures Manager at Inter IKEA Group adds “Seprify’s cellulose platform has reached a level of maturity that makes this a credible path to explore, not only for specific applications such as coatings and surface finishes, but as a scalable materials platform with the consistency and operational readiness required for industrial use”. ce/ug