The Zurich-based start-up DeltaSpark has received financial backing of 150,000 Swiss francs from Venture Kick. This company intends to put this fresh capital towards scaling its CO2 capture technology and process, as detailed in a statement issued by the start-up accelerator from Schlieren in the Swiss canton of Zurich.
In this process, an electrocatalytic reaction is used to process a mixture of absorbed carbon dioxide with added minerals to produce hydrogen, oxygen and green sulfuric acid. A large portion of the CO2 is further bound in minerals that can be used as construction materials.
DeltaSpark, a spin-off from the Swiss Federal Institute of Technology Lausanne (EPFL), offers this technology as a service to major emitters such a cement factories or waste incineration plants. The 150,000 Swiss francs from Venture Kick will allow DeltaSpark to accelerate the delivery of paid pilot projects and to prepare for an upcoming seed funding round.
“Venture Kick is more than just funding”, as Luc Bondaz, CEO of DeltaSpark, explains in the statement. He adds: “It also provided us with essential coaching that helped us refine our business plan for our target customer segments. Through this support, we were able to capture our customers’ needs, sharpen our value proposition, and develop a clear go-to-market strategy”. ce/ww