SDCmaterials, Inc. Closes Series B Round With Investment From Volvo
By Prne, Gaea News NetworkMonday, June 29, 2009
TEMPE, Arizona -
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 US$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 US$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 US$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 at sdcmaterials.com
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