Tech Company Financing Transactions
iCOMAT Funding Round
iCOMAT, based in Bristol, secured $22.5 million in funding from 8VC, Solvay Ventures and Velocity Equity Partners.
Transaction Overview
Company Name
Announced On
6/5/2024
Transaction Type
Venture Equity
Amount
$22,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Unit 29 Brookgate, South Liberty Lane
Bristol, BS3 2UN
UK
Bristol, BS3 2UN
UK
Phone
Website
Email Address
Overview
iCOMAT is a spin-out company from the University of Bristol, which provides beyond state-of-the-art lightweighting solutions based on the Rapid Tow Shearing (RTS) process. To enable the next generation of vehicles which are lighter and more sustainable than ever. We embrace thorough research to achieve innovative engineering solutions. Our passion fuels every bit of progress we achieve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Ben Olivier
Chief Executive Officer
Evangelos Zympeloudis
VP - Engineering
Eric Ainslie
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