Waxy financed from CDP Venture Capital, Granarolo and Sud Speed Up

Waxy, an innovative startup and benefit corporation operating under the WIR System brand, recently closed a €1.35 million funding round led by CDP Venture Capital sgr, Granarolo, and Sud Speed Up.

Waxy financed from CDP Venture Capital, Granarolo and Sud Speed Up

Founded in 2021, Waxy is the first Italian spin-off co-owned by two universities, the University of Milan and Sapienza University of Rome. The company specializes in designing, building, and distributing advanced technologies for sanitizing liquids and food products. Waxy’s technology focuses on reducing water usage in the pasteurization process within the food industry, enabling up to 90% less water consumption compared to traditional methods. In addition, Waxy’s systems achieve at least 20% energy savings during food sanitization, making the process both more sustainable and efficient.

Future plans

With the newly raised funds, Waxy plans to scale its technology to a broader range of food matrices and liquids, such as brines and dairy product preservation fluids, as well as other liquids used across food technology, ingredient, and supplement industries.