Autonomic Materials Seals Deal on $3.9M Phoenix-led Series B
October 12, 2012
Phoenix Venture Partners has led a $3.9 million Series B financing for Autonomic Materials, a manufacturer of self-healing systems for high-performance coatings. The company is working toward a solution for the $500 billion annual cost of corrosion damage caused to metal structures around the world. The investment seems like a natural move for PVP, which typically invests in breakthrough materials for science innovations.