Aqdot completes oversubscribed £11m funding round and establishes strategic partnerships with new investors Ingevity & Clariant
Aqdot, the specialist chemtech company focused on enabling Cleaner Air For Everyone, Everywhere with its AqFresh™ technology is pleased to announce the completion of an oversubscribed £11m funding round. Supported by new investors and sector specialists Ingevity and Clariant the funding will enable the acceleration of commercial and manufacturing scale up driven by increasing demand.
AqFresh™ is a revolutionary new molecule capture & release technology that eliminates odours, pollutants, allergens & viruses while also offering prolonged fragrance release. Proven in a broad range of applications including air fresheners, non-wovens, textile coatings and personal care, AqFresh™ has broad spectrum and long lasting molecular capture efficacy.
Ingevity Corporation (NYSE: NGVT) is a leading provider of value-added products made largely from renewable raw materials and in derivatizing technologies that impart desirable environmental benefits in their use. The company’s Performance Materials segment innovates high-performance activated carbon-based technologies used in the control of automotive gasoline vapor emissions and its Performance Chemicals segment, which includes specialty chemicals and engineered polymers, delivers customer-focused solutions that solve difficult challenges for a variety of demanding applications.
Swiss-based multinational Clariant (SIX: CLN) is a focused, sustainable and innovative specialty chemical company. As one of the world’s leading global specialty chemical companies, Clariant supplies performance chemicals to a wide range of industries, notably personal care, fabric care and home care including air care.
Tim Wright, Chief Executive of Aqdot, said: “This is a great time to welcome investment from such prestigious sector leaders as Ingevity and Clariant as we scale and support further product launches. The combination of our revolutionary AqFresh technology with their world class scientific and go to market capabilities in focused fields will create value for customers through meaningful innovation, international market access and volume manufacture. It is an exciting time both for our existing team and the new roles that it will create.”
Ingevity & Clariant join IP Group, Parkwalk Advisers, Cambridge Enterprise, Providence, Business Growth Fund (BGF), OP6 Innovation, as investors in the Company.
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About Aqdot: Cleaner Air For Everyone, Everywhere
Headquartered in Cambridge, England, Aqdot® is a supramolecular chemtech company with a focus on improving air quality through licensing and selling its AqFresh™ platform technology. AqFresh™ is a novel and versatile performance chemistry that has exceptional capability at capturing, holding and releasing materials. Effective dry or when formulated in liquids and coatings, this powerful chemistry is game-changing in a wide range of industries.
AqFresh™ has no hazard warning for human health or the environment and has achieved a Platinum Material Health Certificate (MHC) from the Cradle to Cradle Products Innovation Institute. AqFresh™ is a trademark of Aqdot Limited. For more information visit www.aqdot.com
About Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Clariant is a focused, sustainable and innovative specialty chemical company based in Muttenz, near Basel/Switzerland. On 31 December 2020, the company employed a total workforce of 13 235. In the financial year 2020, Clariant recorded sales of CHF 3.860 billion for its continuing businesses. The company reports in three business areas: Care Chemicals, Catalysis and Natural Resources. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. For more information visit www.clariant.com