Wilmington, MA-based Electrolytic Ozone, a developer of novel ozone generator technology as a safe alternative to chemical and thermal sanitizers, announced today that it has completed its Series A financing. The company, which is a spinout of the global supermaterials company Element Six, did not reveal the financial details of the first-round funding, but an SEC filing from earlier this year shows that the company raised $4 million of a planned $6 million equity offering, from one unnamed investor. Electrolytic Ozone, which previously operated out of the Cambridge Innovation Center, recently opened its facility in Wilmington, as its corporate headquarters, research and development facility, and manufacturing site. The new funding will go to marketing the company’s technology to original equipment manufacturers for use in appliances like dishwashers, ice faucets, and washing machines.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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