# LiquiGlide

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liquiglide

- Industry: Business Support Services
- Headquarters: Cambridge, US
- Website: www.liquiglide.com
- Total disclosed funding: $16M
- Latest round: Series B (Jan 24, 2017)
- Investors on record: 4

## About

Based in the US, LiquiGlide Inc. operates as a technology company focused on innovative coating solutions that enhance product flow and reduce waste across multiple industries.LiquiGlide Inc. specializes in developing advanced coating technologies. Founded in 2012 in Cambridge, US, it has secured funding through multiple rounds, with the latest being a Venture Debt round in June 2021, raising USD 8.00 mn led by Horizon Technology Finance. The company has completed a total of 5 deals and has raised a total of USD 13.50 mn. Kripa Varanasi is the founder, who has a history of entrepreneurial experience in technology innovation.LiquiGlide specializes in developing innovative coating technologies designed to reduce friction and enhance the flow of products in various industries. Their core offering is a patented liquid-impregnated surface technology, which enables liquids to slide off containers effortlessly, significantly reducing product waste and improving user convenience. This technology has applications across multiple sectors, including consumer goods, pharmaceuticals, and food processing, addressing the challenge of sticky substances adhering to packaging. The company primarily targets manufacturers and businesses aiming to improve their product delivery and reduce waste, effectively serving a diverse client base that includes major retailers and industrial partners. LiquiGlide's products are marketed in North America, Europe, and select regions in Asia, where demand for efficient and sustainable packaging solutions is rising.LiquiGlide's revenue model is centered around partnerships with manufacturers and direct sales to businesses in various sectors. The company typically engages in B2B transactions, providing its coating solutions directly to clients looking to enhance product performance and reduce waste. Revenue is generated through one-time product sales and potential ongoing agreements for the supply of their proprietary coatings. Pricing structures may vary based on the volume of products ordered and the specific coatings employed, with tailored solutions designed to meet client requirements. Flagship products include their specialized liquid-impregnated coatings, which are integral to the company's value proposition in enabling smoother product flow and user satisfaction.In June 2021, LiquiGlide Inc. raised USD 8.00 mn in venture debt financing to support its market expansion initiatives. The company plans to design and launch new products tailored for various industries in the upcoming years and aims to penetrate additional geographic markets in Europe and Asia by 2023. The recent funding will facilitate these growth strategies, allowing LiquiGlide to enhance its technological offerings and expand its reach in the global market.

## Funding rounds

- Series B, Jan 24, 2017, $16M — Structure Capital, Struck Capital, Valia Ventures, Pilot Grove

## Investors

- Structure Capital (https://capitalatlas.ai/funds/structure-capital) — Series B
- Struck Capital (https://capitalatlas.ai/funds/struck-capital) — Series B
- Valia Ventures (https://capitalatlas.ai/funds/valia-ventures) — Series B
- Pilot Grove (https://capitalatlas.ai/funds/pilot-grove) — Series B