Investment in cement-free construction
Oxara has received significant investments from buildify.earth and Samih Sawiris in their pre-Series A financing round to advance their innovations in cement-free construction.
Oxara announces a successful pre-series A financing by two high-calibre investors from the construction industry. According to a press release, the new partners are buildify.earth, an Evergreen Investment Holding specialising in circular and sustainable tech companies, and Samih Sawiris, who is developing the region in the canton of Uri into a premium destination with his company Andermatt Swissalps.
The funds received will reportedly be used to strengthen operational activities and to construct the first cement-free building together with its industrial partners. Oxara’s products will be presented exclusively in this building.
The spin-off from the Swiss Federal Institute of Technology in Zurich has reportedly successfully completed seven commercial pilot projects since it was founded in 2019. Oxara has gained an industrial partner for the production of its cement-free additive and binder for the manufacture of concrete. In addition, the patent portfolio has been expanded through active research and development of new products and the team has been significantly enlarged. Oxara is now preparing to broaden its business and offer its fully commercialised products with national and global partners and customers in the DACH region as well as in Europe, Africa and the Middle East.