Microcaps raises CHF 9.3 million to expand production capacity

Microcaps, a specialist in advanced microencapsulation technology, closed its Series A financing round, raising CHF 9.3 million from new and existing investors. The funds will be used to enhance Microcaps‘ production facilities as the company aims to meet the growing demand for its unique enabled ethanol-free fine fragrance Perfume Pearls. In addition Microcaps will continue its development efforts for applications beyond fine fragrance.

Founded in 2019, Microcaps is a pioneering company specializing in advanced microencapsulation solutions. Its technology encapsulates active ingredients within microscopic capsules, ensuring precise control over release rates and enhancing product performance. Microcaps‘ flagship product, Perfume Pearls, has set a new standard for alcohol-free perfumes, offering unparalleled scent longevity and intensity.

The product uses Microcaps’ patented technology, which allows the creation of liquid oil core microcapsules with a natural alginate shell. Signature fragrance oils make up the core of the Perfume Pearls that are suspended in a water matrix, creating a unique, mesmerizing look in the flask together with an uncompromising, ethanol-free fine fragrance experience.

The proceeds of CHF 9.3 million from the series A financing round will be used to enhance Microcaps‘ production facilities and continued development efforts for applications beyond fine fragrance. By increasing manufacturing capabilities, Microcaps aims to ensure timely delivery of its ethanol-free Perfume Pearls to meet the surging demand from the fragrance market. This expansion will also support ongoing research and development efforts, beyond cosmetics and fine fragrance applications, ensuring the company remains at the forefront of microencapsulation technology. ‘Lamar Caviar by Kajal’ is the first ever ethanol-free fine fragrance to harness the innovation of Microcaps’ technology.

New private investors as well as existing shareholders, including Helvetica Capital AG, Zürcher Kantonalbank, and the ETH Foundation participate in the round, demonstrating their continued confidence in the company’s vision and strategic direction.

“We are thrilled to have secured this funding, which will allow us to expand our production capacity significantly. The rising demand for our Perfume Pearls highlights the market’s recognition of our patented technology and its potential to impact the fine fragrance industry. This investment is a testament to the strong support from our shareholders and their belief in our mission to innovate and lead in the microencapsulation sector,” said Michael Hagander, co-CEO of Microcaps.

(Press release/RAN)