Electrolytic Ozone Closes Series A

11/3/10

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.

By posting a comment, you agree to our terms and conditions.