Novazone, a provider of ozone-based solutions to improve the safety and freshness of food and water, has closed its Series A round of financing. The financing was lead by Foundation Capital and accompanied by Keiretsu Forum, the largest North American angel investor network. The $10.6 million in funds from the round will be used to expand sales, marketing and engineering efforts.
“Novazone has developed ozone-based purification solutions to kill organic contaminants such as bacteria, viruses, and mold spores without the use of toxic traditional chemical treatments,” said Mr. Weiss, General Partner at Foundation Capital. “We were attracted to the investment by Novazone’s technology, team, world-class customers such as Safeway, Pepsi, Coca-Cola and the real consumer and legislative market drivers that are demanding this type of offering.”
With year-round, global sourcing, transportation and distribution comes an increase in the risk of both accidental and intentional contamination from microorganisms, pests and chemicals. Novazone couples applied food science with patented ozone technologies to provide an environmentally friendly means of reducing water and airborne pathogens without the use of harmful chemicals, making food and water safe and fresh naturally. Customers include industry leaders such as Coca-Cola, Pepsi Cola, Sun Pacific, Paramount Farms, Safeway, Colgate-Palmolive, Procter & Gamble, and Wyeth Pharmaceuticals.
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