ChemiTek announces a new investment round of 1.2 million euros
The Portuguese startup closed a new round of investment to boost the growth of its presence in international markets and its sustainable solutions for the solar energy sector.
Esposende, Portugal, November 23rd, 2021
ChemiTek has obtained a new investment round of 1.2 million euros from Ganexa Capital – lead investor, along with Statusmaneuver and EDP Ventures. “It is an investment to expand our reach in the international market, for the enhancement of our sustainable solutions, especially in the solar sector and for new hires”, says founder and CEO César Martins.
Besides the investors mentioned above, the Portuguese company still has Portugal Ventures, SBS StartupBraga, Braincapital and Summa GP as reference shareholders.
ChemiTek is a company dedicated to the development, production, and marketing of customized and innovative solutions for industrial maintenance and cleaning, with a particular focus on the solar energy sector. In an industry dominated by global giants, research and development are critical to ChemiTek’s competitiveness, giving the company the ability to test new raw materials and formulas, creating and developing sustainable and innovative chemical products, such as Solar Wash Protect (SWP) and Industrial Glass Protect (IGP), certified by laboratories like TÜV Sud and CVR.
César Martins believes that “with seventy thousand solar panels being installed every hour around the world, ChemiTek’s value proposition will be a great ally to ensure the efficiency and cleanliness of these energy-producing surfaces, reducing energy losses caused by dirt in the solar park”
Diamantino Costa, Managing Partner of Ganexa Capital, highlights the following: “We, at Galexa, were excited early about the possibility of being investors and partners of ChemiTek. We think it is a unique company in Portugal and we wanted to promote a way to attract even more capital to this project, leveraging our logic as an investors club.”. In turn, André Coelho Santos, representing Statusmaneuver, adds that “it was in this of partnership, either with the company and with co-investors such as Ganexa Capital, that we decided to be part of this project as well, seeking to add value by bringing to the table a set of investors that can complement in terms of know-how and an eminently international network, the shareholder base of the company”.
On the other hand, Luís Manuel, Executive Director of EDP Ventures, emphasizes that “the EDP group is committed to being carbon neutral by 2030, and to achieve this ambitious goal 20 years ahead of schedule, renewable energy production is fundamental, in which solar energy will be a key player. ChemiTek allows not only to increase the output of solar panels, maximizing the generation of renewable energy, but also to reduce the need for cleaning and maintenance interventions in solar parks, which will be fundamental for us to accelerate the introduction of solar energy in our networks.”
Although still in its early stages, ChemiTek is making progress towards a cleaner future by consolidating its presence in international markets, and by creating revolutionary biodegradable solutions to clean not only solar panels but also glass surfaces quickly and efficiently for different types of dirt while optimizing the use of water in the washing process.
ChemiTek is a Portuguese company dedicated to the development, production, and marketing of efficient, easy to apply, innovative and environmentally friendly solutions for industrial maintenance. Already with a diversified portfolio, the company presents solutions for strategic sectors, namely solar, glass and automotive. It aims to be a reference in the international market, becoming the most customer-centric, innovative, and sustainable chemical company in the world.
ChemiTek’s best-know product – Solar Wash Protect – is certified by TÜV Sud laboratory and approved by 12 of the world’s top 15 panel manufacturers. Its customers report gains in energy production of up to 5%, provided by antistatic protection and increased cleaning efficiency.
About Ganexa Capital:
Ganexa Capital is a business angel company seeking to support entrepreneurs with capital, know-how and network. This company works as an investor’s club that brings together professionals from various sectors of activity with the ability to support startups in various markets and areas of activity. Ganexa Capital is a partner of Banco Português de Fomento, having already made several investments together with this entity.
Statusmaneuver is an entity that brings together several Portuguese and international investors to explore investment opportunities in the market. To this end, it has a partnership relationship with Ganexa Capital, having already made several investments together.
About EDP Ventures:
EDP Ventures is the EDP group's corporate venture capital vehicle that aims to invest in startups that can accelerate the energy transition. This investment in ChemiTek is made under the EDP Cleantech FCR, a fund created specifically for the Portuguese market which has as participant the Capital & Quase-Capital Fund (FC&QC), a wholesale fund created under the "Portugal 2020" program to apply European structural and investment funds in “capital & quase-capital” financial instruments aimed at the capitalization of companies and managed by Banco Português de Fomento; the funds specifically contributed by FC&QC to the EDP Cleantech FCR come from the European Regional Development Fund and are intended to be used in the investment priorities of Portugal 2020.