# Covaron Advanced Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/covaron-advanced-materials

- Industry: Materials
- Headquarters: Ann Arbor, US
- Website: www.covaron.com
- Total disclosed funding: $0.6M
- Latest round: Seed (Sep 10, 2013)
- Investors on record: 5

## About

Covaron Advanced Materials develops cutting-edge high-performance coatings for challenging environments, focusing on thermal management in various industries like aerospace and defense.Founded in 2013 and headquartered in Ann Arbor, US, Covaron Advanced Materials specializes in high-performance coatings. The company has conducted 4 deals, with its latest funding round being a Series A, raising USD 0.250 mn, bringing its current valuation to USD 9.014 mn.Covaron Advanced Materials specializes in high-performance coatings designed for extreme conditions, particularly high heat and abrasion resistance. Their core offerings include hybrid ceramic and organic coatings capable of withstanding temperatures up to 1600°C (2900°F). These products cater to diverse applications in industries such as industrial, aerospace, transportation, and defense, enhancing thermal management and efficiency for clients like manufacturers of boilers and turbine components, with a market reach extending beyond North America.Covaron Advanced Materials generates revenue through direct B2B transactions, focusing on supplying high-performance coatings to industrial and commercial clients. Their pricing model is based on bulk sales of specialized coatings, often involving partnership agreements that tailor solutions to client needs. Their flagship products, including patented thermal coatings, play a crucial role in customer operations, fostering long-term relationships across various sectors.Covaron Advanced Materials is focused on expanding its product line and geographic reach. The company plans to launch new high-performance coatings targeted at industries with increasing demands for thermal efficiency by 2025. They are also seeking to penetrate additional markets in Europe and Asia, leveraging recent funding from their Series A round to facilitate these initiatives. Additionally, Huron River Ventures has divested its stake, which may influence future strategic decisions.

## Funding rounds

- Seed, Sep 10, 2013, $0.3M — Ann Arbor SPARK
- Seed, May 30, 2013, $0.3M — Invest Detroit, Mercury, Huron River Ventures, Two Seven Ventures

## Investors

- Invest Detroit (https://capitalatlas.ai/funds/invest-detroit) — Seed
- Mercury (https://capitalatlas.ai/funds/mercury) — Seed
- Huron River Ventures (https://capitalatlas.ai/funds/huron-river-ventures) — Seed
- Two Seven Ventures (https://capitalatlas.ai/funds/two-seven-ventures) — Seed
- Ann Arbor SPARK (https://capitalatlas.ai/funds/ann-arbor-spark) — Seed