Beringea leads £13m round for D3O

The Entrepreneurs Fund, the company's largest shareholder, committed £3m to the round, while Beringea will invest £9m. The balance was supplied by D3O's other existing shareholders.

With the fresh capital in hand, D3O will invest in its production facilities and machinery, as well as expand its current team with new hires. The business also expects to fund continued expansion in the UK and internationally.

Company
D3O develops, manufactures and sells so-called 'smart materials' aimed at impact protection. The company generated revenues of around £10m in 2014.

Based in Portslade, near Brighton in the UK, the company produces flexible materials that absorb impacts by hardening as they are contacted.

D3O sells its products both as a material in sheet and component form, as well as a number of personal protection items such as limb and back protectors for skiing, motorcycling and more.

People
Trevor Hope is the chief investment officer of Beringea's UK operation. Alex Hardtmuth is an investment manager at the Entrepreneurs Fund. Stuart Sawyer is the CEO of D3O.

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• Beringea Limited