SDCmaterials, Inc. Closes Series B Round With Investment From Volvo
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TEMPE, Ariz., June 30 /PRNewswire/ -- Tempe, Arizona-based catalyst and
additives producer SDCmaterials, Inc. is pleased to announce an investment by
Volvo Technology Transfer (VTT) as part of their previously announced Series B
funding round. The participation by VTT tops-off earlier investments from
Invus Financial Advisors, Emerald Technology Ventures, BASF Venture Capital,
and other private investors to close out the $14M round.
"The investment by Volvo Technology Transfer, part of the second largest truck
manufacturer in the world, is a big win for SDC. Their participation is a
show of confidence in the potential of our catalysts technologies," said
Maximilian Biberger, CEO of SDCmaterials.
"SDCmaterials' technology presents a substantial cost reduction opportunity
for the Volvo Group, and a good investment opportunity for VTT," said Anders
Brannstrom, CEO for Volvo Technology Transfer.
About SDCmaterials, Inc. - SDCmaterials invents and produces advanced
catalysts and additives. The company was founded in 2004 and is headquartered
in Tempe, Arizona, USA. SDCmaterials' unique nano-material fabrication and
integration processes deliver substantial benefits to customers that are
reaching the limits of traditional production methods. Their catalysts enable
substantially reduced precious metal consumption, improved performance, and
increased longevity in automotive emissions and chemical production
applications. Their additives for ceramics deliver marked improvements in
fracture toughness - critical for military armor applications.
About Volvo Technology Transfer AB - Volvo Technology Transfer (VTT) is a
Volvo Group corporate venture capital company. VTT creates value by developing
and supporting new businesses with relevance for the Group. Volvo Group is a
heavy-duty truck and diesel-engine manufacturer with its largest markets in
Europe and North America and a strong global network. For more than 80 years,
Volvo Group has provided transportation-related products and services with a
focus on quality, safety and environmental care.
About Invus Financial Advisors LLC - Invus Financial Advisors is a sister firm
of The Invus Group LLC. Invus is a New York based investment firm with
additional offices in London, Paris and Hong Kong. Invus invests in a variety
of equity transactions, including buyouts, longer term public equity
investments, venture capital, and expansion financings. Invus manages in
excess of $4 billion of capital.
About Emerald Technology Ventures - Emerald Technology Ventures is a global
leader in cleantech venture capital. Founded in 2000, Emerald is a pioneer in
this rapidly emerging sector and is focused on innovative technologies in
energy, materials and water. From offices in Zurich, Switzerland, and
Montreal, Canada, Emerald manages three venture capital funds and two venture
capital portfolio mandates totaling over $440 million.
About BASF Venture Capital GmbH - BVC was established in 2001 as a wholly
owned subsidiary of BASF Future Business GmbH, Ludwigshafen, Germany and
participates in start-up companies and funds. In doing so, it focuses on
companies with innovative business models and technologies in which chemistry
is an important key to success.
Contact: Max Biberger
+1-650-224-1625
max.biberger@sdcmaterials.com
SOURCE SDCmaterials, Inc.
Max Biberger of SDCmaterials, Inc., +1-650-224-1625,
max.biberger@sdcmaterials.com
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