Here is the press release by Capital A Partners about the investment:
CAPITAL A PARTNERS INVESTS IN EUROPEAN TECH TRANSFER OPPORTUNITY
Cap A participates in Sweden-based Svenska Aerogel AB funding through ReCap Fund II
CHARLESTON, SC: December 23, 2013 – Capital A Partners concludes its inaugural year with an investment in Sweden-based Svenska Aerogel AB. Through its participation with ReCap Fund II, Cap A has entered into the Series A co-investment as a strategic move to transfer the Svenska Aerogel technology to North America.
“Becoming involved early in the commercialization of this new manufacturing process for Aerogel is very exciting for Capital A”, mentioned Tanya Marvin-Horowitz, General Partner, Capital A Partners. “Capital A is bringing very strategic capital to the investor team, and their domain expertise and knowledge of technology transfer will be important when Svenska Aerogel establishes market share and an operating presence in North America,” added co-investor Marco Berggren, CEO of Renewable Energy Capital Sweden AB (“ReCap”) and Fund Manager of ReCap Fund II.
The Aerogel material has existed for decades, and used in space exploration and other high tech niche applications. Svenska Aerogel has developed a patented production process that enables the manufacturing of Aerogel at more than 80% less than existing methods. Aerogel has previously not been economically feasible for commercial applications due to its high cost, but with the launch of Svenska Aerogel’s facilities in Gävle, Sweden, the company can offer the Aerogel material into more practical applications.
About Capital A Partners
Launched in August 2013, Capital A Partners is the first venture and private equity fund introduced in South Carolina in over a decade. The fund will invest in post-revenue early stage ventures as well as small operating companies seeking growth capital. General partners are David Mendez, based in Charleston and Tanya Marvin-Horowitz, based between New York City and Stockholm, Sweden.
For more information: www.capitalapartners.com