Leonardo Venture invests in InovisCoat
Leonardo Venture has backed InovisCoat in a further round of funding with €275,500.
Following the new investment, Leonardo Venture has increased its stake in InovisCoat from 48.94% to 95.08%.
With the fresh capital, the company will start mass production and the management is expecting a strong increase in turnover.
The investor believes in the large growth potential, the good customer relationships and the demand for the technology solutions of the company.
InovisCoat GmbH, based in Monheim, is a chemicals specialist spun out from the insolvent Agfa Photo unit with the financial help of Leonardo Venture. Its technology originates from the photographic industry and is used in the life sciences, material sciences and nanotechnology sectors. With it, coatings of up to 18 individual chemical layers can be manufactured. The individual coats can have different functionalities, and are used in photographic products, security systems, scratchproof displays and drug delivery products such as active ingredient patches.
Andreas Müller is managing director at Leonardo Venture.
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