DetraPel, an advanced materials company specializing in sustainable coatings, has successfully concluded its Series A funding round, securing $7.6 million in investment.
Additional investors in this round include multi-billion dollar packaging ink manufacturer, INX International, along with Touchdown Ventures, FitzGate Ventures, Boro Capital, Icebook Investments, and others. The newly raised funds will allow DetraPel to build on the market traction of the company’s recently rebranded industrial arm, Impermea Materials. DetraPel has also rebranded its consumer operations to ProofPlus.
The capital is earmarked for scale up of its commercial coatings production to meet the demand of customers. Current industrial customers include four of the largest paper suppliers in the world and industry-leading consumer packaged goods companies who are aiming to offer premium and eco-friendly packaging options to their increasingly eco-conscious customer bases.
Impermea Materials offers a range of industries, including paper and paperboard packaging, textiles, and healthcare, enhanced product solutions for everyday use. These solutions are based on patented protective coatings made from PFAS-free and Fluorine-Free, bio-based chemistry. The barrier coatings, which are being produced at scale, address the complex challenges facing businesses around product performance, while addressing environmental concerns by maintaining recyclability, repulpability & compostability. Recent pieces of legislation banning PFAS, or ‘forever chemicals’, in industrial manufacturing processes have fueled interest in alternative chemistries like those from Impermea to mimic the performance of PFAS without the harmful effects on the environment and human health.
“INX and Impermea Materials both serve the paper & paperboard packaging markets with a commitment to sustainable solutions,” commented Shane Bertsch, INX Senior Vice President of Strategic Planning and Innovation. “We see Impermea’s product offering as highly complementary, and we are excited to partner with DetraPel in accelerating sustainable barrier coating solutions to market.”
In the textiles sector, Impermea’s protective coatings offer the ability to repel liquids, resist stains, prevent UV-induced fading, and provide flame retardancy. In food packaging, Impermea’s barrier coatings provide best-in-class oil & grease resistance, address moisture sensitivity, provide release properties, and withstand temperature fluctuations allowing companies to transition to plastic-free options without making compromises. Impermea also offers coatings to protect against viruses with antimicrobial coatings in healthcare.
