What is Lycus?
LYCUS LTD., operating under the brand MAXGARD, is a specialized manufacturer of substituted benzophenone UV light absorbers. These critical components are utilized across diverse sectors including cosmetics, plastics, coatings, and personal care, where they serve to shield products from damaging UV radiation, thereby enhancing material longevity and performance. The MAXGARD product portfolio encompasses a broad spectrum of formulations designed for various applications, from safeguarding lip balms to protecting materials used in greenhouses. LYCUS LTD. is committed to delivering high-caliber UV stabilizers and absorbers, empowering manufacturers to uphold the integrity and quality of their end products.
How much funding has Lycus raised?
Lycus has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Lycus?
The substantial capital infusion, particularly the recent strategic investment, signals a pivotal phase for Lycus. This funding is anticipated to fuel accelerated growth, potentially enabling the company to scale its production capabilities, broaden its market reach, and invest further in research and development for advanced UV protection technologies. The company's focus on essential protective additives positions it favorably to capitalize on increasing industry demands for product durability and preservation.
See full Lycus company page
