P2i secures more funding
UK-based company P2i Ltd has raised £4.1 million ($6.7 million) from new and existing shareholders to support commercial ventures and international growth.
P2i was established in 2004 to commercialise liquid-repellent treatments developed by the military. Its ion-mask technology can be used in a growing range of products including hiking and military boots and running and golf shoes.
Carl Francis, P2i’s chief executive, commented: “This substantial new investment, particularly in light of today’s tough fundraising environment, is a clear endorsement of our leading position in liquid-repellent nano-coating technology. It will enable us to exploit the international and multi-market potential for P2i and underpins our ability to work on an equal footing with some of the world’s leading industrial, scientific and consumer brand players.”
