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DetraPel Closes $7.6M Series A Funding Round Led by Material Impact

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: DetraPel, Material Impact

DetraPel, the advanced materials company that manufactures sustainable coatings announced the completion of its $7.6M Series A funding led by Material Impact. Additional investors in this round include multi-billion dollar packaging ink manufacturer, INX International, along with Touchdown Ventures, FitzGate Ventures, Boro Capital, Icebook Investments, and others. The newly raised funds will allow DetraPel to build on the market traction of the company’s recently rebranded industrial arm, Impermea Materials. DetraPel has also rebranded its consumer operations to ProofPlus. The capital is earmarked for scale up of its commercial coatings production to meet the demand of customers. Current industrial customers include four of the largest paper suppliers in the world and industry-leading consumer packaged goods companies who are aiming to offer premium and environmentally friendly packaging options to their increasingly eco-conscious customer bases.

Impermea Materials provides various industries including paper & paperboard packaging, textiles, healthcare, etc., with better performing products for everyday use with its patented protective coatings that are made from PFAS-free and Fluorine-Free, bio-based chemistries. The barrier coatings, which are being produced at scale, address the complex challenges facing businesses around product performance, while addressing environmental concerns by maintaining recyclability, repulpability & compostability. Recent pieces of legislation banning PFAS, or ‘forever chemicals’, in industrial manufacturing processes have fueled interest in alternative chemistries like those from Impermea to mimic the performance of PFAS without the harmful effects on the environment and human health.

Read more at PR Newswire