What is Cormetech?
Headquartered in Charlotte, North Carolina, Cormetech specializes in the production of honeycomb SCR (Selective Catalytic Reduction) catalysts. Beyond manufacturing, the company offers comprehensive catalyst management services throughout their entire lifecycle, including crucial on-site support. This integrated approach positions Cormetech as a key player in providing emission control solutions for industrial applications, catering to a market that demands both high-quality products and reliable service.
How much funding has Cormetech raised?
Cormetech has raised a total of $89.2M across 3 funding rounds:
Series B
$1.9M
Unspecified
$11.5M
Series A
$75.8M
Series B (2008): $1.9M with participation from EnerTech Capital
Unspecified (2009): $11.5M led by EnerTech Capital and Acorn Energy
Series A (2011): $75.8M, investors not publicly disclosed
Key Investors in Cormetech
EnerTech Capital
EnerTech Capital is a venture capital firm that typically invests in energy technology companies, suggesting a focus on innovative solutions within the energy and environmental sectors.
Acorn Energy
Acorn Energy is an investment company focused on the energy sector, likely seeking opportunities in infrastructure, technology, and services that support energy production and distribution.
What's next for Cormetech?
The substantial enterprise-level funding and recent strategic investment indicate Cormetech is poised for significant expansion. This capital infusion is likely to fuel advancements in catalyst technology, enhance service capabilities, and potentially broaden the company's geographic reach. Cormetech's focus on a critical environmental technology suggests a strategic direction aimed at capitalizing on increasing regulatory demands and industry-wide adoption of cleaner industrial processes.
See full Cormetech company page
