The investment will support international growth and a relocation of the UK headquarters to Flintshire.
"We are here to support people's active lifestyles, and we want riders to know that we can cover them, plus their bike and equipment, whether on road or trail. This investment will enable us to grow and support the recreational riders as we always have, plus the new riders we can all see rediscovering the freedom and utility of riding a bike in the fresh air."
The funding round was backed by the Development Bank of Wales, private investors, and a Welsh Government grant.
"It has been well documented that nanofibrous material – like those developed by Hybrisian – protect against harmful bacteria. We have studied these properties in depth and have now developed products that are proving to be extremely effective against both harmful bacteria and viruses. Our expertise in this field has prepared us for the challenges presented by the coronavirus pandemic and we are pleased to have been able to develop products which will help."
The seed round was co-led by Playfair Capital and Credo Ventures with participation from Techstart Ventures and angel investors.
"Before founding Continuum Industries, we led a 150-people strong hyperloop team at the University of Edinburgh. While there, we built the UK’s first hyperloop prototype vehicle and successfully competed in contests run by SpaceX and Virgin Hyperloop One. It was the hyperloop moonshot that made us realise the socio-economic value of infrastructure and forced us to think about better ways of taking infrastructure projects from ideas to reality."