MITO Material creates chemical additives for polymer composite manufacturers seeking superior performance, flexibility, and durability.
MITO Material Solutions has developed a nano-additive named the “MITO T-Series.” The T-Series is then mixed in with any epoxy or resin, which then toughens composite parts by 100% while decreasing the chances of mechanical failure by 80%. This allows industries to pick which value they would like to have in their products: a 100% increase in toughness, or up to a 35% decrease of materials needed.For the RV and boating industries, the T-Series can be used to toughen the fiberglass that makes the outer shell and hull of RVs and boats, respectively. For the aerospace industry, the T-Series can be used to decrease the amount of materials needed to create the part with the same toughness as the original part. This will allow aircraft manufacturers to shed tens of thousands of pounds while simultaneously saving millions of dollars on day one.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Mar 8, 2022 | Seed | $4.60M | 1 | Ingevity Corp. | — | Detail |
Aug 31, 2020 | Seed | $1M | 7 | Dipalo Ventures Evergreen Climate Innovations | — | Detail |
Dec 4, 2019 | Seed | $120K | 1 | Techstars | — | Detail |
Sep 22, 2019 | Grant | $0.92M | 1 | National Science Foundation | — | Detail |
Mar 1, 2018 | Series Unknown | — | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Ingevity Corp. | Yes | Seed |
Dipalo Ventures | Yes | Seed |
Evergreen Climate Innovations | Yes | Seed |
Techstars | Yes | Seed |
National Science Foundation | Yes | Grant |
CAV Angels | — | Seed |
Cortado Ventures | — | Seed |
Elevate Ventures | — | Seed |
HG Ventures | — | Seed |
VisionTech Partners | — | Seed |