€5.65m Series A funding drives Kastus expansion plans
Kastus, an antiviral coating technologies firm, has announced the completion of a €5.65m Series A round of financing.
The funding was led by Alpha Ascent Ventures with continued participation from Atlantic Bridge Capital, Carragh Holdings and Enterprise Ireland. Kastus will use the new capital to invest in growing the global commercial team to meet existing and new customer demand, plus deeper investment in the Kastus brand and global online footprint to drive new business and build long-term brand equity.
Founded by John Browne, the Irish nano-technology company has developed a globally patented range of 24/7 antimicrobial and antiviral surface coatings designed to permanently protect touch screen and other glass surfaces against harmful viruses and bacteria.
In a high-touch world where we rely everyday on public touchscreens and our own personal devices, alongside the increasing risk of infection and cross-contamination from using these same screens, Kastus’ game-changing coating technology offers a unique solution for businesses and consumers alike.
Headquartered in Dublin, with local presence in the UK, US, Korea and China, Browne has built an elite team of experienced commercial, branding, innovation and Engineering talent, drawn from companies such as Google, PCH, Flex and LetsGetChecked. Such is the rate of innovation, Kastus already has 44 global patents granted and pending. And that inventiveness is translating into an explosion of demand for its products, with leading global brands including Lenovo, Lavazza and Kone among Kastus customers.
John Browne, Founder & CEO of Kastus, said: “We are grateful to the team at Alpha Ascent for their vision and commitment to drive success for Kastus. We are seeing rapid acceleration in demand for our unique 24/7 surface coating technology, which is ISO proven to kill 99%+ of harmful bacteria and viruses including human coronavirus. Due to the uniqueness, versatility and mass-production readiness of our technology we are attracting new business opportunities from global power-brands in sectors such as consumer electronics, mobile devices, touchscreens providers, home appliances, hospitality, travel and even food & beverage to name a selection. Our team is delighted to currently be partnering with such powerful global brands as Lenovo, Lavazza Pro and Kone, and we are excited that this new funding round will enable us to accelerate and realise our full potential.”