Hybrisan secures £500k to scale up production of protective equipment and sanitisers.
The funding round was backed by the Development Bank of Wales, private investors, and a Welsh Government grant.
Port Talbot-based Hybrisan manufactures liquid sanitisers and uses nanotechnology to create protective materials for frontline workers.
Hybrisan has secured £500k in equity and grant funding to scale up its production of protective equipment and sanitisers during the pandemic. The financing package includes investment from the Development Bank of Wales and private backers, alongside a Smart Cymru grant from the Welsh Government.
The capital enables the company to purchase a new electrospinning machine for manufacturing ultrafine nanofibre filters used in facemasks. Hybrisan has temporarily pivoted its operations to support frontline healthcare workers against Covid 19 before returning to its core development of wound care solutions.
From the founder
"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."
Lee Bridgeman
CEO at Hybrisan
Investor perspective
"Technology businesses everywhere have stepped up to the challenge of fighting the current coronavirus pandemic. Hybrisan’s advanced technology is innovative not only for its ability to be effective against Coronavirus but also other exciting applications. We’re delighted to be able to support them as they scale up their manufacturing to help support the fight against Covid-19 with effective PPE. Our equity investment has given the business confidence to scale up and commercialise its technology. We’re looking forward to working with the team on their current and future endeavours"
Sarah Smith
Portfolio Investment Executive, Finance Wales
Use of funds
- 01Build out infrastructure
