Stories: EIC-funded company PHYSEE successfully closes Series A - 8 million for innovations & European rollout of smart and sustainable building platform
PHYSEE, a technological company that develops coatings, solar and sensor technology, announced that they raised 8 million EUR in growth capital to fund the introduction of SENSE in Europe. Earlier in the year, PHYSEE already closed the first half of the Series A Investment and later in the quarter, they raised 4m from Phase2.Earth and Adunare. Discover more about their innovation in the article below.
PHYSEE launched its SmartSkin solution, which has now become the last part of the complete product SENSE. SENSE is a smart & sustainable building platform to make buildings smarter and more sustainable. With SENSE, PHYSEE will be ready to conquer Europe and the existing and new investors (Phase2Earth, Adunare, Job Dura, EDGE) are happy to be on board.
Boudewijn Poelmann, CEO of Phase2.Earth, shared “our investment mission is to invest in companies with a great potential to bring about long-lasting sustainable change in sectors which may initially have been reluctant to innovate, such as the construction sector. However, we don’t simply invest in dreamers. We want to see the potential of great impact combined with commercial traction, as for instance evidenced by PHYSEE’s partnerships with major glass manufacturers, so we know that new products and solutions will be adopted by the market. We have known PHYSEE for a long time and have carefully selected this participation as our first hardware enabled software business and will support them to have global impact.”
Last but not least the PHYSEE’s CEO and co-founder, Ferdinand Grapperhaus Jr. mentioned “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 commercialization of our light-converting coatings.”
Physee Group BV had received a Phase 2 Grant of EUR 2,7M from the European Innovation Council to scale up their business and now they are ready for Phase 3 to grow prestige buildings across Europe.