Swiss-based startup Oxyle has raised a $16 million funding round to scale its breakthrough solution for eliminating PFAS, toxic "forever chemicals", from wastewater. This builds on its $3 million pre-seed round in 2022, bringing its total funding to $26 million, including grants and awards.
The seed round was led by 360 Capital, with participation from Axeleo Capital and returning investors Founderful and SOSV.
PFAS contamination is a growing global crisis, with these chemicals present in water supplies due to their use in non-stick pans, firefighting foam, and industrial applications. Existing solutions such as filtration and adsorption only relocate PFAS to other waste streams, necessitating costly incineration or landfilling that risks reintroducing these chemicals into the environment. While destruction technologies exist, their high energy demands make them impractical for large-scale adoption.
Oxyle's system is the first economically viable and permanent PFAS destruction solution. Its modular three-stage process, foam fractionation, catalytic destruction, and real-time machine learning-based monitoring, achieves over 99% elimination rates while using 15 times less energy than alternative destruction methods. Unlike traditional solutions that require weeks-long lab testing, Oxyle’s system provides real-time feedback for continuous optimization.
“Five years ago, Oxyle was two of us founders and one big idea: get rid of forever chemicals from our water," recounted Dr. Fajer Mushtaq, CEO and co-founder of Oxyle. "Today, that idea is proven, implemented, and ready to scale. This funding is a game-changer. It gives us what we need to take our technology to the industries and communities that need it most. To our investors, old and new, thank you for joining us on this mission to make clean water a reality for all.”