22 Sep 2010
Swarraton Partners, Naxos Capital Partners and other incumbent investors make a further £5.5 million investment in P2i.
This funding follows on the heels of a £4.1 million round raised by ICON in July 2009.
P2i is the world leader in liquid-repellent nano-coating technology. The funding will be used to accelerate the international expansion of the company.
P2i was established in 2004 to commercialize liquid-repellent treatments developed by the Ministry of Defence. Its revolutionary technology helps customers protect and improve a wide range of products including performance textiles (such as hiking and military boots; running and golf shoes), also hearing aids, laboratory consumables such as pipette tips, and a range of filtration products.
This Series D funding round comes as the company is experiencing rapid growth across a wide range of consumer markets.