SOLUMIX Concludes First Fundraising
SOLUMIX has reached its first major fundraising raising nearly EUR 600 000 which will allow the company to continue its rapid growth in the market for eco-insulating building materials.
Based in Limoges, the SOLUMIX brand was founded in 2012 by Richard Gaignon and Christophe Chaput, both entrepreneurs and ceramics engineers. The company has developed a new insulating material, based on natural raw materials. Freestanding and insulating, compression-resistant, fireproof and light, the new material combines special properties opening new opportunities in many applications, especially in the development of new all-in-one constructive solutions (for example insulating load-bearing elements and decoration). At first, SOLUMIX focused on the incorporation of the insulating material in bricks, based on its excellent compatibility with clay. This first fundraising was conducted among private investors: a company part of CAC 40 benchmark French stock market index, CERIC Technologies, Ornalys and Grand Sud-Ouest Capital, Christophe Chaput, Richard Gaignon and Jean Merienne. The funds will also be allocated to the design of a pilot line for production and insertion of the new material in building materials.