FenX convinces with sustainable insulation material
FenX AG raised 2.7 million francs in a financing round. The spin-off from the Swiss Federal Institute of Technology in Zurich has developed a technology with which insulating materials can be produced from industrial waste.
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FenX AG has secured 2.7 million francs in a seed financing round, according to a press release . Investors include the real estate company Swiss Prime Site, Zürcher Kantonalbank and CADFEM International, which specializes in simulation-based planning.
FenX AG has developed a patented technology with which industrial waste can be converted into insulation boards using a cost-effective foam process at room temperature. According to the communication, the insulation boards produced in this way have good insulation properties and high mechanical strength. They are not flammable and cause almost no CO2 emissions.
On the one hand, FenX intends to use the fresh funds to continue investing in research and development. On the other hand, the company wants to set up its first production facility and prepare for market entry. FenX's long-term goal is to produce recyclable building materials around the world. Production is to take place decentrally from locally available resources.
FenX was spun off from the Swiss Federal Institute of Technology Zurich ( ETH) in 2019. Behind the company are researchers from the ETH Laboratory for Complex Materials.
