Wenger Vieli with DePoly on seed financing round extension
Wenger Vieli advised Swiss cleantech startup DePoly in connection with its seed financing round extension, reaching a total fundraise amount of USD 23m.
The proceeds from the operation will support the inauguration of DePoly’s 500-tonne-per-year showcase plant in the Swiss city of Monthey, as well as enable the company to scale towards its first commercial plant by 2027.
The company
Headquartered in Sion, DePoly focuses on transforming polyester and PET waste into valuable raw materials. The company’s patented chemical recycling technology breaks down plastic and textile waste into the building blocks for new, high-quality PET and polyester.
The Wenger Vieli team
Partner Michael Baier (pictured, corporate/M&A) led the Wenger Wieli team on the matter, working alongside senior associate Dominique Mattmann (corporate/M&A) as well as associate Dario Schönbächler (corporate/M&A).
