Funding

[Funding alert] Germany-based Soluterials Secures Seven Figure in Seed Funding

Oct 17, 2023 | By Startup Rise EU

Soluterials, based in Germany, secures $7 million in seed funding. Three unnamed business angels and HTGF both invested in the round.
Alla Kasakewitsch - CEO & Founder Soluterials

Soluterials, based in Germany, secures $7 million in seed funding. Three unnamed business angels and HTGF both invested in the round.

The company plans to use the money to grow its staff, increase manufacturing, and hasten the market launch of their pure aluminum substance SoluteriAL.

Read also - Italy-based Startup Data Masters Secures €200K in Funding

RECOMMENDED FOR YOU

recomd
Funding
[Funding alert] Scottish-based Wave Energy Pioneer Mocean Energy has raised £2.2 Million in Funding
Startup Rise EU
Nov 13, 2023
recomd
Funding
[Funding alert] Dutch Startup HULO.ai Raises €800k in Funding
Startup Rise EU
Dec 1, 2023
recomd
Funding
[Funding alert] Munich-based Proxima Fusion Secures €20 Million in Seed Funding
Startup Rise EU
Apr 10, 2024

Soluterials, a developing startup led by Dr. Alla Kasakewitsch, Christina Walch, and Uwe Arlic, converts pure aluminum scrap (secondary aluminum) into SoluteriAL, a nano structured powerful aluminum material that extends the properties of secondary aluminum, including high electrical conductivity, high thermal conductivity, corrosion resistance, and low weight, with mechanical strength and creep resistance.

Read also - Google has Pay German Content Creators €3.2 million Annually to Publish their Works on its News Search Engine.

About Soluterials

SoluteriAl is the material solution for their needs. It changes the boundaries of metallic material solutions. Its property profile and thus its infinite application possibilities make it a true multifunctional, but mono material.

Read also - Edinburgh-based Venture Capital firm Par Equity launching £100 million Fund

We thus enable our customers to achieve dimensionally stable and lightweight designs for ambitious technical ideas and all the necessary engineering and prototyping capabilities.

Using our unique material, which actively fights climate change while enhancing local supply chains, we can unleash every potential of industry. It improves efficiency, requires fewer resources, and integrates quickly.

Read also - Milan-based SaaS company Zakeke Raises €2 million in Funding

The reaction to industry's needs Physical products need to be more environmentally friendly because they are so important and impact the environment.

Read also - German Climatetech Startup Purpose Green Raises €3.3 million in Funding

Recommended Stories for You

story
Funding

[Funding alert] Berlin-based Mondu Secures extra €30 Million in Debt Funding

Startup Rise EU Jan 25, 2024

story
Funding

Limula funding news – Life Science Startup Limula Raises €6.2 Million in Oversubscribed Seed Funding

Startup Rise EU May 21, 2024

story
Recent Articles

Bollywood Superstar Katrina Kaif Joins Swiss Watchmaker Rado as Brand Ambassador

Startup Rise EU Oct 25, 2023

story
Funding

[Funding alert] Leiden-based Biotech Startup Pelagen Secures Investment from UNIIQ’s

Startup Rise EU Nov 2, 2023

story
Funding

[Funding alert] Rotterdam-based SolarDuck Secures €15 Million in Funding

Startup Rise EU Dec 21, 2023

story
Funding

[Funding alert] France-based Unseenlabs Secures €85 Million in Funding

Startup Rise EU Feb 27, 2024