INERGIO Closes CHF 1.25 Million Pre-Seed Financing Round Led by Privilège Ventures
Proceeds to Enable Product Commercialization, Business Expansion and CE Certification
Lausanne, January 17th 2022
INERGIO successfully closed a Pre-Seed round of CHF 1.25 million. The round was led by Privilège Ventures SA. The StartAngels Network (SAN), DART Labs and a group of private investors participated significantly in the financing.
INERGIO Technologies SA, develops flexible fuel cell electrical power generators with a mission of going through clean energy transitio step-by step. The company has developed a minimum viable product and will use the proceeds of the financing to initiate its product commercialization, CE Certification and expand its production capacity.
When asked about INERGIO, Lucian Wagner, General partner at Privilège Ventures and board member, stated: “We have been extremely impressed by the technology and the team behind it. Inergio can play an important role in producing electricity from fuels such as propane, given that hydrogen is perennially late and very complex to handle”.
‘’We are very thankful to all our supporters, partners, customers and indeed our talented team who have helped INERGIO to get to this stage. And now we are extremely happy and proud that we have reached another major milestone. The financing will help INERGIO to finalize the product development and initiate product commercialization, taking us to next level in our corporate development plan. Besides, we are very thrilled to count on the extensive experience of our investors as well as their extensive international network ’’ said Mahmoud Hadad, CEO and founder of INERGIO.
About Privilège Ventures SA
Since 2016, Privilège Ventures has backed over 30 founding teams in their seed and early-stage phase and supported them to transform their vision into successful companies. With a transatlantic footprint, the firm provides a unique perspective and contribution to its portfolio companies with its hands-on approach.
More info can be found at www.privilege-ventures.com
About Start Angels Network (SAN)
The StartAngels Network has led over 70 financial rounds up to date with a total investment value of over CHF 200 Mio. The network counts over 80 private investors, all experienced investors with broad experience in deep-tech startups.
More info can be found at www.startangels.ch
About DART Ventures AG
We are a smart-money accelerator connecting Switzerland, Europe and the US. We find the best European technology startups and turn them into global players. We invest in wearables, sensors, computer vision, spatial computing, and enabling tools and technologies. 20% of our funds go towards high-impact environmental investments. More info can be found at www.dartlabs.io