Dutch materials company Flexiramics raises € 4.2M in follow-on round
News Articles | Press Releases

Dutch materials company Flexiramics  raises € 4.2M in follow-on round

January 31, 2021. Flexiramics (former Eurekite), an advanced materials spin-off from the University of Twente, the Netherlands, has raised € 4.2 million in a follow-on round. The funding is provided by Demcon, OostNL and a group of informal investors from the Dutch region of Twente, where Flexiramics is based. The additional funding will enable Flexiramics to scale production of flexible ceramic fibers, invest in global business development and expand the current patent portfolio.

€ 4.2 million funding from regional partners
Between 2015-2020 Cottonwood Technology Fund – a Dutch-American venture capital fund – invested € 2.75 million in Flexiramics. The follow-on round of € 4.2 million consists of a € 1.6 million loan from RVO (the Netherlands Enterprise Agency), a € 600.000 lease facility from the High Tech Fund in Enschede, and a € 2 million equity-investment provided by Demcon, OostNL and a group of informal investors from the Dutch region of Twente. Among the informal investors is Lumana Invest, a team of successful serial entrepreneurs with several investments in chemistry, medical and fiber technology.

“As a person born and raised in Twente, I’m proud that we built a solid business case in this region, resulting in funding from a strong consortium of regional partners,’’ said Bas Kerkwijk, COO of Flexiramics. ‘‘The Flexiramics team will continue to work hard to set an example of a successful material science company in a tech ecosystem that is in general dominated by ICT and medtech companies.’’

Scaling production of flexible ceramic fibers
The additional funding enables Flexiramics to scale production of ceramic fibers using the proprietary Flexiramics® technology in the next two years. Furthermore, Flexiramics will further invest in global business development and develop new application patents. Once the scaling-up is completed, Flexiramics will have world-class capabilities to produce submicron fibers at high throughput. These capabilities are necessary to undertake customer projects in the fields of batteries, electronics and advanced ceramics.

‘‘We are excited to close this funding round, because it allows us to deliver our breakthrough technology Flexiramics® to corporates which can integrate it in their everyday products that brings many benefits to society,’’ said Gerard Cadafalch Gazquez, CEO of Flexiramics.

——————- End of Press Release——————————————————–

About Flexiramics

Flexiramics’ activities are all focused on its core invention: Flexiramics® – a flexible pure ceramic fiber mat that is light and flexible like paper, but retains the main physiochemical properties of traditional ceramics. The most important properties of ceramics are heat resistance, electrical insulation and resistance to corrosion. However, ceramics are very inflexible, which limits their application possibilities. As a flexible ceramic, Flexiramics® has a unique potential for application in numerous technical fields.

In recent years, the concept has been proven and subsequently a lab scale prototype of a platform technology and production process was developed successfully. The base version of Flexiramics® and its variants based on different ceramic compositions can be consistently produced at the very high quality necessary for use in material science applications.

For more information, please visit our website: www.flexiramics.com

Press Contact

Gerard Cadafalch Gazquez, CEO
Email address: gerard.cadafalch@flexiramics.com
Mobile: +31 616 31 96 31

Bas Kerkwijk, COO
Email address: bas.kerkwijk@flexiramics.com
Mobile: +31 6 23 62 19 91

 

Sencure
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they ...
...Read More
Jurryt Vellinga, CEO
Sencure BV
We are gladly having Cottonwood Technology Fund on board as lead investor. They are very supportive on aligning strategy and execution. The first year they brought in already 8 corporates as potential customer. We are surprised every time about their extensive entrepreneurial mindset, business experience and global network of Cottonwood. They have been very smart people and 24/7 supportive.
Sencure
Jurryt Vellinga, CEO
Sencure BV
BayoTech
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention ...
...Read More
Justin Eisenbach, President and CEO
Bayotech Corp
We would not exist, or certainly not in New Mexico, if it were not for Cottonwood. Until Cottonwood got involved we struggled to get attention from other capital providers. Cottonwood has been a real catalyst, beyond their money, to upgrading our management team, opening doors to potential strategic investors and customers and focusing on our market entry strategy. Cottonwood has been a great partner in driving our success in every area. I truly believe they wake up every day looking for ways and ideas that can support our success.
BayoTech
Justin Eisenbach, President and CEO
Bayotech Corp
Skorpios Technologies, Inc.
Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they...
...Read More
Steve Krasulick, President & CEO
Skorpios Technologies
Cottonwood began working with me a year before they closed their first fund. Even though they weren’t initially in a position to invest they still opened doors to potential investors and customers, and assisted with the fund raising strategy and execution plan. Once their fund was closed they took an aggressive lead role in pulling together our first round and helping us launch the company. Now after having raised almost $150M they continue to support our growth, provide valuable advice and open doors to additional resources as we need them. We have been fortunate to have Cottonwood as a partner in building our company.
Skorpios Technologies, Inc.
Steve Krasulick, President & CEO
Skorpios Technologies