Microcaps funding news – Switzerland-based Microcaps AG Secures €9.6M in Series A Round Funding
Jun 10, 2024 | By Team SR
Microcaps AG, a leading innovator in advanced microencapsulation technology, secures €9.6million in series A round funding. This significant capital increase marks a pivotal moment for the company as it aims to meet the growing demand for its unique enabled ethanol free fine fragrance – Perfume Pearls.
SUMMARY
- Microcaps AG, a leading innovator in advanced microencapsulation technology, secures €9.6million in series A round funding.
- Founded in 2019, Microcaps is a pioneering company specializing in advanced microencapsulation solutions.
This Series A round saw participation from new private investors, further broadening the company’s support network, as well as contributions from Microcaps‘ existing shareholder base, including Helvetica Capital AG, Zürcher Kantonalbank, and the ETH Foundation. This strong financial support demonstrates their continued confidence in the company’s vision and strategic direction.
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Michael Hagander, co-CEO of Microcaps, said, "We are thrilled to have secured this funding, which will allow us to expand our production capacity significantly. The rising demand for our Perfume Pearls highlights the market’s recognition of our patented technology and its potential to impact the fine fragrance industry. This investment is a testament to the strong support from our shareholders and their belief in our mission to innovate and lead in the microencapsulation sector."
The fund will be used to enhance Microcaps‘ production facilities as well as continued development effort for applications beyond fine fragrance. By increasing manufacturing capabilities, It aims to ensure timely delivery of its ethanol free Perfume Pearls to meet the surging demand from the fragrance market.
This expansion will also support ongoing research and development efforts, beyond cosmetics and fine fragrance applications, ensuring the company remains at the forefront of microencapsulation technology.
About Microcaps
Founded in 2019, Microcaps is a pioneering company specializing in advanced microencapsulation solutions. Its innovative technology encapsulates active ingredients within microscopic capsules, ensuring precise control over release rates and enhancing product performance.
It‘s flagship product, Perfume Pearls, has set a new standard for alcohol-free perfumes, offering unparalleled scent longevity and intensity. The company’s cutting-edge solutions cater to a wide range of industries, including pharmaceuticals, cosmetics, and food technology.