Zurich-based cleantech startup UniSieve, which has sustainability at its core, has landed around €3.9 million in a round led by Wingman Ventures, the GREEN DEAL Grant (from the European Innovation Council), and the EIT Climate-KIC initiative (from the European Institute of Innovation and Technology).
Founded in 2018, UniSieve supports companies from the chemical and energy industry in conserving energy and reducing waste. The high energy demand of state-of-the-art separation used purify chemical products is responsible for over 10% of global energy use. By challenging state-of-the-art separation technology.
The proprietary UniSieve membrane solution facilitates saving up to 90% of the energy required to purify the world’s most frequent chemical feedstocks. Customers can therefore significantly reduce greenhouse gas pollution, recover valuable chemicals, and save operational costs. In addition, highly efficient separation technologies are enabling technologies to increase the economic attractiveness and sustainability of the growing renewable chemicals market.
The fresh funds raised will allow UniSieve to establish pilot production and co-finance industrial testing at customers’ chemical sites. It is expected that the investment will sustain the startup until the closure of sales agreements for full-scale separation units
Lukas Weder from Wingman Ventures, who will be joining the board of UniSieve, explains the firm’s decision to invest: “With UniSieve, we back a highly innovative platform technology which optimizes the production process of the world’s largest chemical feedstocks by significantly reducing the amount of energy used in the process. We truly believe the UniSieve team can significantly contribute to the net zero economy”.