The ETH Spin-off developed a cement-free chemical mixture that turns excavation waste into eco-friendly building materials, thus promoting sustainable construction practices. The startup has secured an undisclosed amount in its pre-series A round with Samih Sawiris, well-known in Switzerland for his tourism project in Andermatt, and buildify.earth to accelerate its growth plans.
Founded in 2019 by Gnanli Landrou and Thibault Demoulin, Oxara developed and patented admixture and binder technologies to decarbonize and foster circularity in the building materials industry. The technologies enable the production of cement-free concrete building materials such as concrete walls, floors and cast elements as well as unfired bricks and blocks for conventional masonry walls. The reusability of these excavation materials and construction waste facilitates a high level of recyclability, resulting in a 90% less carbon footprint.
Since its incorporation, the startup has completed seven commercial pilots and secured an industrial tolling partner to produce the cement-free admixture and binder. Furthermore, the patent portfolio has been extended through the active research and development of new products and the substantial growth of the team.
The proceeds from its pre-series A financing round allow the startup to leap into the next growth phase by strengthening its operations. The funds will also support the construction of the first cement-free building, showcasing Oxara's innovative products in collaboration with industrial partners.
Two new investors participated in the round; buildify.earth is an evergreen investment holding specializing in net technologies and circular and sustainable tech businesses while Samih Sawiris is a well-respected founder and developer of several international real estate and hospitality projects.
With its current momentum, Oxara is preparing to scale its business and to offer fully commercialized products with national and global partners, and customers in the Swiss, DACH and global markets, including Europe, Africa and the Middle East.
(Press release/RAN)
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