What is HZO?
HZO specializes in delivering world-class protective nano coatings that shield electronic devices from harsh corrosive and liquid conditions. By integrating people, process, capital equipment, and material science, HZO leverages its substantial patent portfolio to engineer unique solutions tailored to specific customer needs. The company collaborates with major corporations across diverse sectors, including consumer electronics, IoT, medical devices, and automotive, to enhance product reliability, reduce costly returns, and elevate overall brand value through superior water-resistant and waterproof technologies.
How much funding has HZO raised?
HZO has raised a total of $164.6M across 7 funding rounds:
Private Equity
$3M
Private Equity
$3.6M
Series B
$20M
Private Equity
$15M
Debt
$28.3M
Private Equity
$24.6M
Unspecified
$70M
Private Equity (2011): $3M, investors not publicly disclosed
Private Equity (2013): $3.6M, investors not publicly disclosed
Series B (2014): $20M supported by Prudence Holdings, Delta Electronics, VY Capital, TransLink Capital, Harris & Harris Group, Inc., and Iron Gate Capital
Private Equity (2015): $15M, investors not publicly disclosed
Debt (2016): $28.3M, investors not publicly disclosed
Private Equity (2017): $24.6M with participation from Iron Gate Capital and Horizons Ventures
Unspecified (2019): $70M led by Cathay Bank
Key Investors in HZO
Cathay Bank
Cathay Bank is a U.S. commercial bank offering personal, business, and international banking services, with a history of serving the Chinese-American community and providing a wide range of financial solutions.
Horizons Ventures
Horizons Ventures is a venture capital firm with over two decades of experience supporting entrepreneurs, focusing on compelling and pragmatic visions and actively participating in the growth of startup ventures.
Prudence Holdings
Prudence Holdings operates in the Venture Capital & Private Equity sector, likely providing investment capital and strategic support to companies within its portfolio.
What's next for HZO?
The substantial enterprise-level funding HZO has garnered, culminating in its recent major strategic investment, positions the company for accelerated scaling and market penetration. This capital infusion is anticipated to bolster HZO's research and development efforts, enabling the enhancement of its protective coating technologies and the expansion of its manufacturing capabilities. Strategic partnerships and global market expansion are likely next steps, as HZO continues to solidify its leadership in providing advanced solutions for electronic device protection against liquid and corrosive damage. The company's focus on reducing product failures and improving customer satisfaction suggests a continued emphasis on quality and reliability in its growth strategy.
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