# Verdex Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/verdex-technology

- Industry: Materials
- Headquarters: US
- Website: www.verdextech.com
- Latest round: Series A (Sep 28, 2022)
- Investors on record: 1

## About

Based in the US, Verdex Technology Inc. specializes in the mass production of innovative nanofiber materials, utilizing a proprietary process that enhances efficiency while minimizing environmental impact.Verdex Technology Inc. was founded in 2010 in the United States, focusing on advanced nanofiber materials. The company was established by Gary Huvard and Larry Marshall. Currently, Damien Deehan serves as CEO. Verdex has completed 17 deals, with its most recent funding round occurring on September 28, 2022, where it raised an undisclosed amount during a SERIES A round from returning investor SOSV.Verdex Technologies specializes in the mass production of advanced nanofiber materials through its proprietary Solvent Free Process, which eliminates the need for toxic and costly solvents. The company offers a range of products, including nanofiber media used in applications such as air and liquid filtration, medical packaging, technical textiles, and battery separators. These products address critical challenges in various industries, providing solutions for filtration efficiency in gas turbine generators, extended lifetime and improved performance in HVAC systems, and advanced healthcare solutions like wound dressings and drug delivery systems. Verdex serves a diverse clientele across multiple sectors, targeting markets in North America, Europe, and Asia.The revenue structure of Verdex Technologies is primarily based on B2B transactions, collaborating with industry partners and clients needing customized nanofiber solutions. Revenue is generated through partnerships and contracts for the development and supply of proprietary nanofiber technologies. Clients include healthcare providers, textile manufacturers, automotive, and industrial companies, each requiring tailored products to meet their operational needs. While specific pricing details are not disclosed, Verdex focuses on delivering value through innovative solutions that enhance performance and safety across various applications.Looking ahead, Verdex Technology Inc. plans to introduce new products that leverage their advanced nanofiber materials, aiming for launch in key markets. They are targeting expansion into Europe and Asia by mid-2024, enhancing their global footprint. The recent funding from the SERIES A round will support these initiatives, enabling further development of innovative products and access to new markets.

## Funding rounds

- Series A, Sep 28, 2022 — SOSV
- Series A, Nov 3, 2021 — SOSV
- Series A, Sep 9, 2020 — SOSV
- Series A, Apr 3, 2015 — SOSV

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Series A