# EcoPals

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ecopals

- Industry: Construction
- Headquarters: Berlin, Germany
- Website: www.ecopals.de
- Total disclosed funding: $4.3M
- Latest round: Series A (Apr 3, 2024)
- Investors on record: 6

## About

Founded in 2021 and based in Berlin, Germany, EcoPals GmbH operates as a manufacturer of recycled plastic as an alternative replacement for road construction.In August 2024, EcoPals GmbH raised EUR 4 million in venture funding from new investors MHI Group and Après-demain. Individual investors also participated in the round. Jonas Varga and Maximilian Redwitz are the co-founders and co-CEOs of the company.

The company offers ecoflakes, a CO2-reducing and performance-enhancing asphalt additive that enhances road performance by modifying the binding properties of rock and bitumen. The firm's solutions help overcome the plastic problem while developing a sustainable road construction business. EcoPals partners include PioneerPort, Asphalt, FTTF, Fraunhofer, Berlin Innovation Agency, and more.

The company plans to use the August 2024 funding to expand the market share of its flagship product Ecoflakes and open up international markets.

## Funding rounds

- Series A, Apr 3, 2024, $4.3M — High-Tech Gruenderfonds, Après-demain, Mitsubishi Heavy Industries, Fraunhofer Technologie-Transfer Fonds, Companisto, Blom Capital GmbH
- Seed, Sep 8, 2022 — High-Tech Gruenderfonds, Fraunhofer Technologie-Transfer Fonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- Fraunhofer Technologie-Transfer Fonds — Seed, Series A
- Après-demain — Series A
- Mitsubishi Heavy Industries — Series A
- Companisto — Series A
- Blom Capital GmbH — Series A