CompPair Technologies secures funding to advance global growth in composites industry

14.12.2023 08:30, Rita Longobardi

The investment, which includes support from public entities such as Innosuisse, underscores CompPair's position as a global solution provider in the composites industry. Led by existing stakeholders and supported by new investors, this funding will enable CompPair to attain new achievements, strengthen its activities, and expand its team.

CompPair, a Swiss company founded in 2020, is a leading solution provider in the composites industry, offering embedded ultra-fast repair for various applications. With its innovative HealTech™ technology, CompPair ensures in-situ repairs within minutes, maintaining original properties. The company, committed to sustainability, aims to extend the lifespan of composite parts, providing eco-friendly and cost-effective solutions across industries.

The recent investment, complemented by public funding from entities like Innosuisse, is set to strengthen CompPair's commercial activities, boost growth, and enhance its team, ensuring long-term viability. The funds support key projects, including a Swiss Accelerator initiative focused on low-viscosity resin formulations and a Eurostar program dedicated to advancing bio-based resins. Anticipated outcomes include the introduction of off-the-shelf products and the exploration of new market perspectives, accelerating industrial-scale production capacities.

Since its establishment in 2020, CompPair has achieved remarkable success, receiving recognition, non-dilutive funding, and winning the JEC Composites Startup Booster in 2021. The company's HealTech™ technology has earned the Solar Impulse label for its sustainable and economic viability. In 2022, CompPair was honoured with the Prix Strategis award as the "Best Swiss Startup." With a growing client base in sports, leisure, aerospace, and mobility, CompPair continues to make significant steps within the composites industry, building on its recognition and achievements.

“Venture Kick support arrived in the early days of CompPair, even before our foundation, and helped us to refine our initial strategy and pivot, which contributed to the first successes we had. My co-founder and I often recall the first key learnings of the program and I guess this supports today’s activities. I am grateful for such support and its importance for the success of the Swiss startup scene!” commented Amaël Cohades, CEO and Co-Founder of CompPair.

CompPair participated in Venture Leaders Cleantech in 2022, was ranked among the TOP 100 Swiss Startups in 2021 and won the first stage of Venture Kick in 2019.

CompPair's team