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Ash Improvement Technology

Description

Developer of a process which converts coal combustion residues into building materials. The company has developed a process which is applied directly at power plants to eliminate the production of waste ash and convert the same into a chemically modified product which can be used as a replacement for cement. It also helps in avoiding CO2 emissions and land-filling of waste ashes.

2009

Founded

PRIVATE

Status

11-50

Employees

Series C

Latest Deal Type

$2.5M

Latest Deal Amount

$8.19M

Total Amount Raised

Description

Developer of a process which converts coal combustion residues into building materials. The company has developed a process which is applied directly at power plants to eliminate the production of waste ash and convert the same into a chemically modified product which can be used as a replacement for cement. It also helps in avoiding CO2 emissions and land-filling of waste ashes.

Website:

www.aitcleancem.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Building Products

Other Industries

Other Energy
Coal and Consumable Fuels Equipment

Primary Office

P.O. Box 42263 Towson, MD 21284United States
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Ash Improvement Technology Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Ash Improvement Technology Cap Table

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

Ash Improvement Technology Investors (2)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
RiverPark VenturesVenture CapitalMinority000 0000000 0000
Sika GroupPE-Backed CompanyMinority000 0000000 0000
RiverPark Ventures Venture Capital
Sika Group PE-Backed Company

Ash Improvement Technology Executive Team (3)

NameTitleBoard
Seat
Contact
Info
Michael RileyPresident & Board Member
Wayne FriedCo-Founder, Board Member & Chief Technology Officer
Michael CohenChairman
Michael Riley President & Board Member
Wayne Fried Co-Founder, Board Member & Chief Technology Officer
Michael Cohen Chairman

Ash Improvement Technology Board Members (7)

NameRepresentingRoleSinceContact
Info
Ernesto SchumperliAsh Improvement TechnologyBoard Member000 0000
Menachem GoldmunzSelfBoard Member000 0000
Michael CohenSelfChairman000 0000
Michael RileyAsh Improvement TechnologyPresident & Board Member000 0000
Morty SchajaRiverPark VenturesChief Executive Officer, Managing Partner & Founding Partner, RiverPark Capital000 0000
Ernesto Schumperli Board Member Ash Improvement Technology
Menachem Goldmunz Board Member Self
Michael Cohen Chairman Self
Michael Riley President & Board Member Ash Improvement Technology
Morty Schaja Chief Executive Officer, Managing Partner & Founding Partner, RiverPark Capital RiverPark Ventures
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