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Advanced insulation producer Aspen Aerogels Inc. has raised $30 million in a round of non-equity financing, according to a regulatory filing.
The Northborough-based company said the funding includes debt and options, warrants or the right to acquire another security, according to the filing with the U.S. Securities and Exchange Commission.
Founded in 2001, Aspen Aerogels says its aerogel technology is used for insulation products in a variety of markets, including oil and gas; building and construction; outdoor gear and apparel; solar thermal; appliances; and transportation.
The company said in October that it had raised a $21.5 million round of funding, led by the venture capital arm of German chemical giant BASF.
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