Atraverda Closes £10.4m (US $21.4m) Series B Financing Round

Atraverda, an Advanced Materials Company, based in South Wales, UK, announced it has closed its Series B financing round with a total of £10.4m (US $21.4m). The round sees new investors BankInvest New Energy Solutions from Denmark and Espírito Santo Ventures of Portugal lead the financing round, while existing investors UK-based Scottish Equity Partners, Chord Capital and Finance Wales and US-based EnerTech Capital and OnPoint Technologies continue to contribute. The investment will be used to accelerate Atraverda’s growth, enhance product development and develop further commercial opportunities. Link.