ABSMaterials Garners $4,000,000 Series B Financing

  • Feed Type
  • Date
    11/26/2013
  • Company Name
    ABSMaterials
  • Mailing Address
    1909 Old Mansfield Road Wooster, OH 44691
  • Company Description
    ABSMaterials was founded in December 2008 by Dr. Paul L. Edmiston and Stephen Spoonamore to commercialize Osorb a swellable organosilica that removes organic compounds from water.
  • Website
    http://www.absmaterials.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    ABSMaterials said it will use the money for market expansion, manufacturing improvements and expansion into new markets in Asia.
  • M&A Terms
  • Venture Investor
    RKS Ventures
  • Venture Investor
    Harris & Harris Group

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