ICON Corporate Finance raises £4.1 million for P2i Ltd, the world leader in liquid-repellent nano-coating technology. The funding was raised from new and existing shareholders, to support the international growth of the company.
P2i was established in 2004 to commercialize liquid-repellent treatments developed by the Ministry of Defence. Its revolutionary technology helps customers protect and improve a wide range of products including performance textiles (such as hiking and military boots; running and golf shoes), also hearing aids, laboratory consumables such as pipette tips, and a range of filtration products.
This Series C funding round comes as the company accelerates its growth across a wide range of markets. New investor Swarraton Partners led the round and, with Naxos Capital Partners, provided most of the funds. Existing shareholder Unilever Ventures also participated; the company’s original investors include Porton Capital and Ploughshare Innovations. The investment will enable P2i to exploit the international and multi-market potential of their technology.
“ICON is extremely well connected and was invaluable in helping us focus our time and efforts on the right organisations and people. They really lived up to their reputation as being one of the best and most proactive advisers within the tech investment community”
Carl Francis, CEO, P2i