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Monday, May 16, 2011

Electrolytic Ozone adds $2M financing

By Michelle Lang

Electrolytic Ozone Inc. (EOI)  has raised $2.1 million in an equity financing filed with the U.S. Securities and Exchange Commission on Friday.

The Wilmington ozone generator manufacturer did not indicate who the one investor in the funding is. The company’s three-person board of directors, however, consists of CEO Wayne Lieberman, along with two E6 Ventures representatives  – managing director Susan Wheeler, and Brendon Grunewald, head of E6 Ventures.

Founded in 2009 and formerly based in the Cambridge Innovation Center, EOI spun out of supermaterials firm Element Six Ltd. and used Element Six’s synthetic industrial diamonds as an alternative to chemical or thermal sanitizers.

In November, EOI opened its Wilmington headquarters at the same time that it completed a Series A funding round, the amount which was not disclosed.

 

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