a|impact has invested €500,000 in Test1 Solution to support the growth and commercialization of its innovative FoamFlex200 technology for environmental remediation.
Target Information
Test1 Solution is an innovative small and medium-sized enterprise (SME) focused on developing scientific and technological research programs aimed at environmental remediation. The company's primary area of expertise involves the decontamination of watercourses, groundwater, seas, and oceans from hydrocarbon spills.
In response to numerous environmental disasters attributed to oil extraction, Test1 Solution has invested years in research and development, resulting in the patenting of FoamFlex200 in 2017. This polyurethane foam boasts a hydrophobic effect exceeding 95%, allowing for the recovery of spilled hydrocarbons with minimal water interaction.
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Industry Overview in Italy
The environmental remediation industry in Italy is increasingly significant due to ongoing challenges posed by pollution and climate change. As one of the countries
Similar Deals
a|impact
invested in
Test1 Solution
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $1M