Kriya Materials raises € 3 mln in funding for roll-out of its product portfolio

Kriya Materials raises € 3 mln in funding for roll-out of its product portfolio
Chemelot Ventures

Kriya Materials, the multi-functional coatings company, raised € 3 mln in capital to roll out its new line of coatings for solar panels and window films. Such coatings have a positive impact on solar energy generation and energy conservation by saving on energy used for cooling in buildings.

The money comes from a consortium of new and existing shareholders. The investment round was led by impact investment fund Shift invest and Chemelot Ventures and backed by existing shareholders Limburg Ventures, Particon and LRM.

Kriya Materials develops, manufactures and sells coatings and composites for solar energy generation, energy conservation, LED lighting, greenhouses and displays. Based on its proprietary nanoparticles and its know how to formulate its multifunctional coatings, Kriya enables customers to generate or save more energy and to improve the CO2 footprint of their products in various ways. Furthermore, Kriya’s products offer improved durability and usability of customer’s end products.

The capital raised enables Kriya to grow its staff and invest in additional capacity. The additional capacity will be used for a number of newly developed products. For solar panels, Kriya has developed a multifunctional coating with anti-reflection, anti-dust and anti-heat properties. This results in a significantly higher energy output. In automotive and construction, Kriya’s novel coatings and composites block the heat from the sun, which also helps to drastically lower the energy required for cooling. For OLED and LED lighting Kriya’s optical coatings increase light output and reduce energy consumption. For greenhouses, novel coatings and plastic composite films enable better light and heat management, improving crop yield and lowering water usage for evaporative cooling.

Next to these new products the company boosts a full portfolio of multi-functional coatings for display surfaces. Scratch resistance, combined with optical, chemical, or physical properties can be custom made for its global customer base.

For more information about Kriya Materials BV, please contact;
Roel Huis in ‘t Veld – Director
Roel.huis(at)kriya-materials.com
www.kriya-materials.com

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SHIFT INVEST is a Dutch venture capital fund that invests in innovations related to the food & agriculture value chain, healthy nutrition and clean (bio-based) technologies. Through our investments, we strive to create environmental sustainability or health impact alongside financial return. Together with the fund partners Wageningen UR, Menzis, TU Delft, Rabobank and WNF, we offer entrepreneurs a broad network and knowledge of the sector. SHIFT is managed by New Balance Impact Investors (NBI), experienced investment professionals and entrepreneurs. NBI manages four venture capital funds, backed by strong and involved partners that share our mission to create impact through innovation.

For more information about SHIFT Invest and NBI please contact:
Guus Verhees – Managing Partner
guus.verhees(at)nbi-investors.nl
www.shiftinvest.com

CHEMELOT VENTURES is an independent regional venture capital fund in the south of the Netherlands with a focus on smart materials and life sciences. The fund supports innovative companies which fit in with the ecosystem of the Brightlands campuses. It invests in product companies as well as in technology platforms and circular economy initiatives. The philosophy of the fund is that proximity matters, that its portfolio companies have a higher chance of success and a shorter time to market by interacting with the Brightlands ecosystem and the network of the fund. Chemelot Ventures is the successor fund of the 2004 vintage Limburg Ventures; together the funds have made more than 30 investments.

For more information about Chemelot Ventures please contact:
Kim de Boer – Senior Investment Manager
kdb(at)chemelotventures.com
www.chemelotventures.com

KRIYA MATERIALS was founded in 2006, based on technology originally derived from Philips and is one of only few backward integrated nanotechnology enabled coating companies worldwide. Kriya Materials is able to synthesise its own nano particles at mass-scale, functionalize these and incorporate them into custom made coatings and composites fulfilling end market and processing related prerequisites. The company’s team assembles decades of synthesis and customer-oriented formulation expertise.
www.kriya-materials.com

PARTICON was founded by De Weijerhorst Foundation from its goal to protect and promote employment in South East Netherlands. This gives Particon a unique assignment, providing financing for the growth or continuity of companies in this particular region. Particon is an independent participation company with more than 10 years of experience and currently owns 11 participations in Limburg.

LRM is an investment company that develops and stimulates economic growth in Limburg, Belgium. We provide a solid foundation, allowing companies and projects, which create jobs in Limburg, to grow. Our financial means and economic expertise, together with Limburg’s key assets, create a unique breeding ground.
www.lrm.be