Keey Aerogel has secured €18 million in Series A funding to scale production of its sustainable silica aerogel, positioning itself as a leading green materials producer in Europe.

Information on the Target

Keey Aerogel is a deep-tech startup located in Alsace, France, specializing in the production of sustainable, high-performance silica aerogel. This innovative company has developed a patented method that utilizes a closed-loop system to recycle solvents such as ethanol and CO₂, significantly reducing environmental impact while producing aerogel. By harnessing construction waste as an energy source, Keey Aerogel has achieved the milestone of creating the world’s first sustainable aerogel, offering a notable advancement in the field of thermal insulation.

The company’s process not only minimizes environmental degradation but also lowers production costs, making aerogel more accessible to industries such as construction, energy, and e-mobility. Currently, Keey Aerogel operates a pilot plant and supplies its product to several major clients across Europe, marking a significant step in the sustainability of material production.

Industry Overview in the Target’s Specific Country

The aerogel industry has historically been dominated by a few manufacturers from the United States and Asia, relying on costly and environmentally harmful production techniques. With