Daphne fertilises $4.9m

Jan 17, 2019 • Callum Cyrus

EPFL-founded exhaust filtering system spinout Daphne Technology has been backed by investors including oil producer Saudi Aramco.

Daphne Technology, a Switzerland-based marine exhaust cleaning system developer based on École polytechnique fédérale de Lausanne research, has closed a Sfr4.9m ($4.9m) round featuring Saudi Aramco Energy Ventures, the corporate venturing arm of oil producer Saudi Aramco, according to VentureKick.
The round featured VC vehicle Innovation Fund, whose limited partners include another oil and gas company Total, advanced materials and speciality chemicals firm Solvay and chemicals producer BASF. An unnamed angel investor also took part.
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