PurThread Technologies Lands $7,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=800be63e-5502-46a7-8311-220c6bfa06e0
Date
11/5/2013
Company Name
PurThread Technologies
Mailing Address
11010 Lake Grove Blvd Morrisville, NC 27560 USA
Company Description
PurThread Technologies Inc. is dedicated to developing proprietary antimicrobial textile technology. Our patent-pending integration technology and fiber formulations incorporate an EPA-registered antimicrobial additive into every fiber and yarn to protect the fabric from degradation.
Website
http://www.purthread.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company intends to use the funds for research and development.
M&A Terms
Venture Investor
Venture Investor