Hypetex raises £1.3m in a seed round led by 24Haymarket to scale its sustainable coloured materials.
The seed round was led by 24Haymarket with participation from Oxford Innovation EIS Growth Fund 2 to support commercial scale-up.
Hypetex manufactures coloured carbon fibre and advanced materials using a sustainable water-based resin system that eliminates the need for traditional painting.
Hypetex has secured £1.3m in a seed funding round led by 24Haymarket, with participation from Oxford Innovation EIS Growth Fund 2. The company produces coloured carbon fibre and advanced materials designed to eliminate the need for painting, thereby improving production efficiencies and reducing environmental impact.
The capital will be used to scale up the business footprint and support larger programmes with major brands across multiple sectors. Additionally, the funds will assist in expanding the product range to include sustainable natural fibre products.
Marc Cohen, chief executive of Hypetex, noted that the continued research has yielded a lightweight and strong composite material that pushes design boundaries while reducing reliance on traditional finishes. Richard Cooper of Oxford Innovation Finance highlighted that the technology addresses environmental concerns by cutting the energy and carbon emissions associated with paint application.
From the founder
"Our continued research and innovative work has resulted in a coloured carbon fibre composite that is light and strong, without compromise, pushing the boundaries of design and technology."
Marc Cohen
CEO at Hypetex
Investor perspective
"After several years of research and development Hypetex is addressing the need for paint as a finish to composite products. Reducing the demand for harmful paints and finishing products could significantly reduce carbon emissions and energy requirements needed for paint application. At Oxford Innovation Finance we are focused on identifying these next generation science and technology companies and supporting them on their growth journey with our skills, knowledge and all-important finance."
Richard Cooper
Managing Director, Oxford Innovation Finance
Use of funds
- 01Expand into international markets
- 02Continue product development
