Deep tech company PHYSEE has closed its Series A investment, by raising another 4 million Euros. The spin-off from TU Delft has now raised 8 million Euros in growth capital to fund the European roll-out of its SENSE solution and to accelerate the industrialization of its light-converting coatings.
At the end of 2019, PHYSEE launched its SmartSkin solution, which has now become part of the complete product SENSE. SENSE is a smart & sustainable building platform that uses sensors, solar cells and machine learning algorithms to make buildings smarter and more sustainable. Furthermore, the company is an expert in the development of light-converting coatings, enabling windows to generate power and making buildings energy neutral.
We look forward to deploying this new capital to accelerate the roll-out of our smart and sustainable building platform and to speed up the commercialisation of our light-converting coatings – CEO Ferdinand Grapperhaus jr.
Speed up commercialisation
CEO and co-founder Ferdinand Grapperhaus jr.: “The fact that we have been able to quickly close the second half of our Series A investment round by attracting capital from new and existing investors, is a testament to PHYSEE’s potential and the focus from leading real estate developers to invest in sustainable and comfort increasing technology. We look forward to deploying this new capital to accelerate the roll-out of our smart and sustainable building platform and to speed up the commercialisation of our light-converting coatings.”
The growth capital was raised from new investors Phase2. Earth and Adunare and existing investors Job Dura and EDGE. The first half of the investment was closed in January.
Read up on Physee in our article: ‘The Netherlands can make a difference with deep tech’