Aspen Aerogels Garners $22,500,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3578339e-b53f-4228-a532-0a3b25de79f0&Preview=1
Date
5/19/2013
Company Name
Aspen Aerogels
Mailing Address
30 Forbes Road Building B Northborough, MA 01532
Company Description
Aspen Aerogels is nanotechnology at work in oil pipelines, natural gas and military ships, building and construction, boots and jackets and much, much more.
Website
http://www.aerogel.com
Transaction Type
Debt
Transaction Amount
$22,500,000
Transaction Round
Undisclosed
Proceeds Purposes
The funds will be used for working capital to support revenue growth and for capital expenditures to improve the efficiency and throughput of existing manufacturing assets.
M&A Terms
Venture Investor
Undisclosed