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ABSMaterials

Description

Developer of water-treatment technologies based on a proprietary organo-silica compound. The company is the creator of Osorb, a swellable organo-silica material that removes volatile organic compounds from water including pesticides and industrial chemicals. The product has applications for the treatment of ground, surface and municipal water supplies.

2008

Founded

PRIVATE

Status

11-50

Employees

Series B

Latest Deal Type

$4.24M

Latest Deal Amount

$7.28M

Total Amount Raised

Description

Developer of water-treatment technologies based on a proprietary organo-silica compound. The company is the creator of Osorb, a swellable organo-silica material that removes volatile organic compounds from water including pesticides and industrial chemicals. The product has applications for the treatment of ground, surface and municipal water supplies.

Website:

www.absmaterials.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Environmental Services (B2B)

Other Industries

Specialty Chemicals

Primary Office

1909 Old Mansfield Road Wooster, OH 44691United States +1 (330) 234-7999
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ABSMaterials Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

ABSMaterials Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

ABSMaterials Investors (9)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Great Lakes Innovation and Development EnterpriseAccelerator/IncubatorMinority000 0000000 0000
Harris & Harris GroupVenture CapitalMinority000 0000000 0000
Innovation Fund of Northeast OhioAccelerator/IncubatorMinority000 0000000 0000
JumpStartAccelerator/IncubatorMinority000 0000000 0000
MIT (Massachusetts Institute of Technology)University000 0000000 0000
Great Lakes Innovation and Development Enterprise Accelerator/Incubator
Harris & Harris Group Venture Capital
Innovation Fund of Northeast Ohio Accelerator/Incubator
JumpStart Accelerator/Incubator
MIT (Massachusetts Institute of Technology) University

ABSMaterials Executive Team (6)

NameTitleBoard
Seat
Contact
Info
Paul Edmiston Ph.DChief Science Officer, Board Member & Co-Founder
Gary McDanielChief Executive Officer & Board Member
Hap HewesInterim Chief Executive Officer
Glenn JohnsonChief Operating Officer
Jim KueberGreat Lakes Drainage Area Rep
Paul Edmiston Ph.D Chief Science Officer, Board Member & Co-Founder
Gary McDaniel Chief Executive Officer & Board Member
Hap Hewes Interim Chief Executive Officer
Glenn Johnson Chief Operating Officer
Jim Kueber Great Lakes Drainage Area Rep

ABSMaterials Board Members (7)

NameRepresentingRoleSinceContact
Info
Adam BriggsSelfBoard Member000 0000
Charles Ryan Ph.DSelfBoard Member000 0000
Douglas JamisonHarris & Harris GroupChief Executive Officer & Chairman000 0000
Gary McDanielABSMaterialsChief Executive Officer & Board Member000 0000
Kedar Gupta Ph.DSelfBoard Member000 0000
Adam Briggs Board Member Self
Charles Ryan Ph.D Board Member Self
Douglas Jamison Chief Executive Officer & Chairman Harris & Harris Group
Gary McDaniel Chief Executive Officer & Board Member ABSMaterials
Kedar Gupta Ph.D Board Member Self
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