Wagistrasse, Switzerland-based Microcaps AG, an innovator in advanced microencapsulation technology, announced on Wednesday that it has secured CHF 9.3M (approximately €9.6M) in a Series A round of funding.
This Series A round saw participation from new private investors, as well as contributions from Microcaps‘ existing shareholder base, including Helvetica Capital AG, Zürcher Kantonalbank, and the ETH Foundation.
The funding will enhance the company‘s production facilities and continue development efforts for applications beyond fragrance.
By increasing manufacturing capabilities, the Swiss company aims to ensure timely delivery of its ethanol-free Perfume Pearls to meet the surging demand.
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.
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, says Michael Hagander, co-CEO of Microcaps.
Microcaps: Encapsulating ingredients and fragrances
Founded in 2019 by Dr. Alessandrop Ofner and Michael Haganderalessandro, Microcaps specialises in advanced microencapsulation solutions.
The company is on a mission to revolutionise industries with novel encapsulation solutions.
Founded from ETH Zurich’s Complex Material Group, the company has developed a technology that enables the scalable production of precise microcapsules and microparticles based on microfluidics.
The technology encapsulates active ingredients within microscopic capsules, ensuring precise control over release rates and enhancing product performance.
The company’s flagship product — Perfume Pearls, offers unparalleled scent longevity and intensity. The company’s solutions cater to a wide range of industries, including pharmaceuticals, cosmetics, and food technology.