Based on research at MIT, LiquiGlide has brought its overall funding to $50m following a $13.5m round.
LiquiGlide, a US-based developer of technology to remove the friction between solids and liquids based on research at Massachusetts Institute of Technology (MIT), has raised $13.5m in funding from unnamed backers.
The spinout concurrently announced strategic partnerships with toothpaste producer Colgate and personal care group Mibelle, but it is unclear whether they participated in the funding round.
LiquiGlide has developed technology that removes the friction between solids and liquids, with applications in packaging, manufacturing and medical devices. Colgate has already released a recyclable toothpaste tube in partnership with LiquiGlide to more easily squeeze out toothpaste.
Lesley Millar-Nicholson, director of MIT’s Technology Licensing Office, previously highlighted the spinout on GUV’s Talking Tech Transfer podcast.
The spinout has now raised $50m in funding altogether, it said, though it does not appear to have disclosed all details.
Structure Capital, Valia Investments, Struck Capital, Pilot Grove and unnamed others supplied $16m in funding in January 2017, following a $7m round led by Roadmap Capital in March 2015.