# Progress Tech Transfer Fund

> Progress Tech Transfer Fund is a VC fund in Luxembourg backing Water and Biotechnology. See 14 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Luxembourg, Luxembourg
- Total investments: 14
- Last investment: Mar 2025
- Lead investor: 57%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/progress-tech-transfer-fund/
- X (Twitter): https://twitter.com/mitotechnology?lang=en
- Website: https://www.progressttfund.it/

Progress Tech Transfer Fund is a VC fund in Luxembourg focused on Water and Biotechnology. Progress Tech Transfer is an investment fund for sustainable technologies, public research firm, start-ups, spin-offs, & entrepreneurs.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $171k–$2.1M |
| Series A | $9.9M–$15M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Water | 2 | 14% |
| Biotechnology | 2 | 14% |
| Manufacturing | 2 | 14% |
| Eyewear | 1 | 7% |
| Farming | 1 | 7% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 4 | 29% |
| Seed | 3 | 21% |
| Funding Round | 3 | 21% |
| Pre-Seed | 2 | 14% |
| Debt Financing | 1 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Italy | 7 | 50% |
| Ireland | 1 | 7% |
| United Kingdom | 1 | 7% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Valuematic | Valuematic creates predictive models that favor the improvement of decision-making processes in companies, organizations, and institutions. They combine digital, strategy, and management skills that promote the development of data-based predictive tools for decision support, both in strategic planning and operational management. | $891.3K |  | Mar 03, 2025 |  |
| Naturbeads | Naturbeads, a company working to manufacture a replacement to the ocean-polluting microbeads that are found in many personal and home care products and paints. Naturbeads proposes a biodegradable alternative to plastic microbeads that could mitigate micro plastic pollution in the oceans and soil. The technology to create the cellulose microbeadswas developed at the University of Bath by Professors Janet Scott and Davide Mattia from the Centre for Sustainable Chemical Technologies in 2017 | $9.9M | Series A | Nov 14, 2024 |  |
| WembraneX | WembraneX's goal is to make wastewater treatment facilities more cost-effective by introducing a new class of anti-fouling and anti-biofouling membranes. | $384.1K | Pre-Seed | Oct 08, 2024 |  |
| SQIM | SQIM is a biotechnological based agency. | $12.1M | Series A | Jan 11, 2024 |  |
| MOGU | MOGU is a European company, based in Italy, developing a range of mycelium-based technologies for the creation of a family of sustainable and innovative products for interior design, led by the principles of Circular Economy. Mogu was founded on the belief that it is possible to employ Nature’s intelligence to radically disrupt the design ofeveryday products, seeking a finer balance between the man-made and the rhythms of the natural ecosystem. | $12M | Series A | Jan 09, 2024 |  |
| Easy Rain | Easy Rain’s mission is to improve the safety of wheel vehicles, by contrasting a problem has not currently been addressed by any safety device, being the hydroplaning phenomenon. Hydroplaning is a phenomenon that causes loss of traction between a vehicle’s wheels and the roads surface due to the presence of a layer of water. Millions of accidentsevery year on wet roads. Also Autonomous driving technology has a big issue with wet roads.Easy Rain developed, tested, validated and patented a new driver assistance system specifically designed to contrast hydroplaning. The system prevents large amounts of water from touching the tire, thereby improving a vehicle’s performance and safety, by increasing the adherence of the tire on wet surfaces. | $6.5M |  | Jul 18, 2023 |  |
| Valuematic | Valuematic creates predictive models that favor the improvement of decision-making processes in companies, organizations, and institutions. They combine digital, strategy, and management skills that promote the development of data-based predictive tools for decision support, both in strategic planning and operational management. | $171.1K | Seed | May 31, 2023 |  |
| HT Materials Science | HT Materials Science provides nanofluid science in thermal systems for commercial and industrial infrastructure. | $15M | Series A | Mar 21, 2023 |  |
| Finapp | Finapp is an innovative startup that produces a new generation of CRNS probes that allow measuring the water content. Water in the ground, then soil moisture, water out of the ground, then in the biomass, water in the snow, then snow water equivalent. The applications are really many, such as the research of water losses along aqueducts,hydrological and hydraulic modeling, estimates of hydroelectric energy but mainly agricultural ones. | $1.2M | Debt Financing | Aug 04, 2022 |  |
| Naturbeads | Naturbeads, a company working to manufacture a replacement to the ocean-polluting microbeads that are found in many personal and home care products and paints. Naturbeads proposes a biodegradable alternative to plastic microbeads that could mitigate micro plastic pollution in the oceans and soil. The technology to create the cellulose microbeadswas developed at the University of Bath by Professors Janet Scott and Davide Mattia from the Centre for Sustainable Chemical Technologies in 2017 | $1.6M | Seed | Jun 13, 2022 |  |

10 of 14 investments shown.

## Co-investors
- [CDP Venture Capital](https://shizune.co/investors/profile/cdp-venture-capital) — VC Fund, 5 deals together
- [Eos](https://shizune.co/investors/profile/eos-advisory) — VC Fund, 3 deals together
- [European Circular Bioeconomy Fund](https://shizune.co/investors/profile/european-circular-bioeconomy-fund) — VC Fund, 3 deals together
- [Kering Ventures](https://shizune.co/investors/profile/kering-ventures) — VC Fund, 3 deals together
- [Aramco Ventures](https://shizune.co/investors/profile/aramco-ventures) — VC Fund, 2 deals together
- [MITO Technology](https://shizune.co/investors/profile/mito-technology) — VC Fund, 2 deals together

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## FAQ

### What does Progress Tech Transfer Fund invest in?

Progress Tech Transfer Fund invests primarily in Water, Biotechnology and Manufacturing startups, most often at Series A and Seed stage. Most of the 14 investments tracked by Shizune back companies in Italy. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Progress Tech Transfer Fund's check size?

Progress Tech Transfer Fund typically joins rounds of $171k–$2.1M at Seed and $9.9M–$15M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Progress Tech Transfer Fund participates in.

### When did Progress Tech Transfer Fund last invest?

The most recent investment recorded for Progress Tech Transfer Fund closed in Mar 2025. Shizune tracks 14 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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