Salvalco raises £2.5m from a six-member consortium to expand manufacturing capacity
The funding round was backed by investors including Green Angel Syndicate and Beiersdorf.
Salvalco develops inert gas propelled aerosol technology that replaces harmful propellants with environmentally friendly nitrogen.
Salvalco has raised £2.5m from a consortium of six backers, including Green Angel Syndicate, Beiersdorf, Foresight Williams Technology, AWI, Fin.Essa, and Growthdeck. The company developed Eco-Valve, a patented technology that uses nitrogen instead of butane as an aerosol propellant to reduce environmental impact.
The fresh capital will be directed towards scaling up manufacturing capacity at the company production facility in Thailand. Additional funds will support ongoing research and development alongside the expansion of its patent portfolio.
From the founder
"We are thrilled to have secured further funding from such a great consortium of companies. The collaboration will play an integral part in helping the next phase of our growth journey as we see the demand for Eco-Valve continue to rise. Moreover, the partnership also demonstrates a strong shared commitment to supporting the environment too. And it is by working together with all our stakeholders, we passionately believe we can not only support the aerosol industry but revolutionise it."
Peter Shaw
Managing Director at Salvalco
Investor perspective
"Salvalco’s Eco-Valve is transforming the aerosol market for the better. It is innovations like this that have a real effect on reducing the harmful pollutants that are accelerating climate change. We are so impressed with Salvalco and delighted to be able to contribute to their pioneering technology."
Cam Ross
CEO, Green Angel Syndicate
Use of funds
- 01Build out infrastructure
- 02Fund research and development