# Polar Sapphire

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/polar-sapphire

- Industry: Chemicals
- Headquarters: Mississauga, Canada
- Website: www.polarsapphire.com
- Latest round: Seed (Dec 2, 2013)
- Investors on record: 2

## About

Polar Sapphire Ltd. is a manufacturer of high-purity alumina products, focusing on innovative processes that enhance performance for various industrial applications, including electronics and energy storage.Founded in 2012 and headquartered in Mississauga, Canada, Polar Sapphire Ltd. specializes in producing high-purity alumina (HPA) products. The company has engaged in 3 significant deals, with the most recent occurring on January 7, 2021. On this date, Ara Partners acquired a controlling stake in Polar Sapphire Ltd. from ArcTern Ventures, MaRS Investment Accelerator Fund, and Bioindustrial Innovation Canada. The financial terms of this transaction were not disclosed. The company was co-founded by Scott Nichol, who has a history of leading ventures in the materials sector. The current CEO of Polar Sapphire is Hap Hewes, alongside Scott Nichol.Polar Performance Materials produces high-purity alumina products, particularly 5N purity alumina, through advanced manufacturing techniques involving hydrometallurgy and pyrometallurgy. Their main offerings include high-purity alpha alumina powders, high-density alumina pellets, and dense alumina beads. These products are essential for various industries such as sapphire crystal growth, semiconductor equipment, LED manufacturing, optics, and protective glass. Additional applications extend to aerospace, green energy, and lithium-ion battery technologies, serving clients across North America, Europe, and Asia with a commitment to quality and performance.The revenue model for Polar Performance Materials is centered on direct business-to-business transactions, primarily with manufacturers in high-tech sectors. Their product sales, including 5N high-density pellets and alumina beads, are tailored to increase production efficiency and improve product quality for their customers. Pricing is typically based on volume and customized specifications, allowing for adaptability to different client needs. The company focuses on consistent delivery and quality standards to build long-lasting relationships with its customers.Polar Sapphire Ltd. aims to leverage recent funding from the Grant round, amounting to USD 2.65 mn received on January 7, 2021, from Sustainable Development Technology Canada, to enhance their product offerings and expand into new markets. The company is currently developing new products designed to meet the evolving needs of industries such as semiconductors and renewable energy. They plan to target expansion into European and Asian markets by 2023, utilizing the new funding to support product development and market entry strategies.

## Funding rounds

- Seed, Dec 2, 2013 — ArcTern Ventures, MaRS Investment Accelerator Fund

## Investors

- ArcTern Ventures (https://capitalatlas.ai/funds/arctern-ventures) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed