What is Lycus?
LYCUS LTD., operating under the MAXGARD brand, is a key producer of substituted benzophenone UV light absorbers. These advanced materials are crucial for industries including cosmetics, plastics, coatings, and personal care, where they serve to protect against damaging UV radiation, thereby extending product lifespan and maintaining integrity. The company's comprehensive MAXGARD product line offers diverse formulations designed for applications ranging from cosmetic preservation to the protection of materials in agricultural settings like greenhouses.
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
Key Investors in Lycus
PPP
Public-Private Partnership
What's next for Lycus?
The substantial late-stage funding Lycus has attracted indicates a strong market validation and provides the necessary capital for scaling operations, expanding market reach, and potentially investing in further research and development. This strategic financial infusion is expected to accelerate the company's trajectory in providing high-performance UV stabilizers and absorbers to a global clientele, reinforcing its position as a leader in UV protection technology.
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