Capital A Partners finishes up its inaugural by investing in Sweden-based Svenska Aerogel AB. Through its investment with Recap Fund II, Cap A has entered into the Series A co-venture as a vital move to exchange the Svenska Aerogel engineering with North America.
“Becoming involved early in the commercialization of this new manufacturing process for Aerogel is very exciting for Capital A”, mentioned Tanya Marvin-Horowitz, General Partner, Capital A Partners. “Capital A is bringing very strategic capital to the investor team, and their domain expertise and knowledge of technology transfer will be important when Svenska Aerogel establishes market share and an operating presence in North America,” added co-investor Marco Berggren, CEO of Renewable Energy Capital Sweden AB (“ReCap”) and Fund Manager of ReCap Fund II.
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The Aerogel material has existed for a long time, and utilized within space investigation and other cutting edge corner applications. Svenska Aerogel has patented a manufacturing process for aerogel that is 80% faster than the existing techniques. Previousl, Aerogel commercialization was not feasible due to its high cost; however, with the transfer of Svenska Aerogel's offices in Gävle, Sweden, the organization can offer the Aerogel material into more functional applications.
This would surely work positive for the aerogel market across the globe. The report on the global aerogel market forecasts the global Aerogel Market to reach $1,896.6 million by 2020.