ABSMaterials Garners $4,000,000 Series B Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f2a508d4-0b22-4732-980b-0df11afab19f
Date
11/26/2013
Company Name
ABSMaterials
Mailing Address
1909 Old Mansfield Road Wooster, OH 44691
Company Description
ABSMaterials was founded in December 2008 by Dr. Paul L. Edmiston and Stephen Spoonamore to commercialize Osorb a swellable organosilica that removes organic compounds from water.
Website
http://www.absmaterials.com
Transaction Type
Venture Equity
Transaction Amount
$4,000,000
Transaction Round
Series B
Proceeds Purposes
ABSMaterials said it will use the money for market expansion, manufacturing improvements and expansion into new markets in Asia.
M&A Terms
Venture Investor
RKS Ventures
Venture Investor
Harris & Harris Group