DePoly Secures Additional Funds in Seed Round Extension with Wenger Vieli's Guidance
Deal News | May 05, 2025 | Legal Community Swiss
Swiss cleantech company DePoly successfully concluded an extension to its seed financing round, raising a total of USD 23 million. The capital injection will be deployed to initiate their 500-tonne-per-year demonstration plant in Monthey, Switzerland, and to further advance towards the establishment of their first commercial facility by 2027. DePoly specializes in converting polyester and PET waste into useful raw materials using their proprietary chemical recycling technology. This initiative underscores the company's commitment to sustainable solutions in plastic waste management. The law firm Wenger Vieli represented DePoly in this fundraising effort, led by Partner Michael Baier, supported by senior associate Dominique Mattmann and associate Dario Schönbächler, all of whom specialize in corporate and M&A matters.
Sectors
- Cleantech
- Legal Services
Geography
- Switzerland – DePoly is headquartered in Sion, and the funds raised will support a new plant in Monthey, Switzerland, reflecting the geographical focus of their operations and development.
Industry
- Cleantech – DePoly operates in the cleantech industry, focusing on developing technologies for transforming waste into valuable resources using innovative chemical recycling processes.
- Legal Services – Wenger Vieli, the advising law firm, provides legal support in corporate and M&A transactions, highlighting their role in facilitating the financing round for DePoly.
Financials
- USD 23 million – The total fundraise amount from the seed financing round extension for DePoly.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DePoly | Target Company | Company | A Swiss cleantech startup focusing on the chemical recycling of polyester and PET waste. |
| Wenger Vieli | Legal Advisor | Company | A law firm that advised DePoly on its seed financing round extension, with expertise in corporate and M&A. |
| Michael Baier | Partner | Person | A partner at Wenger Vieli specializing in corporate and M&A, who led the legal team in advising DePoly. |
| Dominique Mattmann | Senior Associate | Person | A senior associate at Wenger Vieli working on corporate and M&A matters, assisting in the DePoly financing round. |
| Dario Schönbächler | Associate | Person | An associate at Wenger Vieli involved in the DePoly financing advisory team, focusing on corporate and M&A. |