Aspen Aerogels raises $37M for nano-insulation materials
Aspen Aerogels, a Northborough, Mass.-based company that uses nanotech-processes to make insulation materials, has wrapped up a $37 million fourth round of funding. The round was led by Arcapita Ventures and joined by existing investors Lehman Brothers Venture Partners Reservoir Capital Group and RockPort Capital Partners.
Its patented aerogels, silica-based jelly-like materials, have a wide range of insulating applications in the apparel, building, transport and energy markets. The firm sells them in fabricated packages and easy-to-apply… Continue Reading