saperatec GmbH, a Bielefeld, Germany-based independent recycling specialist for all types of high-tech composite materials, raised €3.3m in seed funding.
Backers included eCapital entrepreneurial Partners AG, the NRW.BANK, business angel Oliver F. Gosemann as well as first round investors Gründerfonds Bielefeld-Ostwestfalen and the High-Tech Gründerfonds.
The company intends to use the capital to build a modular large demonstration plant at its Bielefeld site.
Led by Dr. Sebastian Kernbaum, founder and managing partner, saperatec develops and markets an innovative technology for the separation of composite materials. The area of application ranges from relatively simple plastic-plastic composites to complex technical products such as photovoltaic modules.
At its location in Bielefeld, the company is operating a pilot production plant for re-claiming semiconductor coatings from photovoltaic modules. This plant is currently being expanded to allow for a wider range of applications and increased throughput.