Novazone, a provider of clean technology solutions for food and water including advanced ozone-based applications for cold storage and disinfection, has raised $7 million in a Series B financing. The funds will be used for working capital and to develop new products. New investor Chrysalix Energy led the round with participation from existing investors, Foundation Capital and Grauer Capital.
“Chrysalix is excited about Novazone’s potential to transform food and water processing markets with its industry leading, environmentally safe treatment systems,” said Greg Sullivan, managing director of Chrysalix Energy. “We believe there is a strong and growing need for Novazone’s highly effective and energy efficient solutions, and the company is well suited to lead the market.”
Said David Cope, president and CEO of Novazone, “Global demand for safe food and water without the use of traditional, harmful chemicals is growing dramatically. The additional capital provides the financial depth and support Novazone will need as we accelerate our sales, marketing and development efforts to align with market growth, and to continue to set the benchmark for innovative, science-based solutions that bring the world fresh, safe food and water.”
About Novazone, Inc.
Novazone is the leading provider of clean technology solutions for food and water including advanced ozone-based applications for cold storage and disinfection. Consumers around the world are demanding fresher and safer consumable food and water products. With year-round, global sourcing, transportation and distribution of these products, 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 fresh and safe naturally. The company incorporates an array of patented technologies into complete, automated systems with unsurpassed reliability and cost-effective operations. Industry leaders such as Coca-Cola, Pepsi Cola, Sun Pacific, Orchard View Farms, Paramount Farms, Wilson Batiz, Safeway, Colgate-Palmolive, Procter & Gamble, and Wyeth Pharmaceuticals have implemented Novazone’s ozone solutions.
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