Green Angel Syndicate is delighted to announce its investment Salford Valve Company Ltd (Salvalco).
£2.5million was raised from a consortium of six companies including Green Angel Syndicate, Beiersdorf, Foresight Williams Technology, AWI Ltd, Fin.Essa and Growthdeck Ltd.
Salvalco, which was founded in 2013, is responsible for creating the highly innovative eco-friendly aerosol technology – Eco-Valve. The market leader in inert gas propelled aerosol technology, the valve uses environmentally friendly nitrogen as its propellant rather than butane, which is a contributor to global warming. Eco-Valve enables a reduction in carbon footprint and the use of harmful pollutants, whilst still offering unbeatable spray performance.
Iconic brands such as NIVEA are already using the Eco-Valve technology for their products. Last year, NIVEA developed its first deodorant range with the Eco-Valve: NIVEA ECODEO. The valve, which is protected by eight global patents, is fast becoming a popular alternative to traditional valves and helping to support consumer demand for more environmentally friendly options.
The funds will be used to expand manufacturing capacity at Salvalco's plant in Thailand. It will also be invested in R&D operations and to further develop the patent portfolio.
As global demand for aerosols continues to increase (with aerosol use forecast to rise 25% in the next 4 years), Salvalco anticipates that more consumer goods companies will switch to its eco-friendly valve.
Peter Shaw, Managing Director of Salvalco said: "We are thrilled to have secured further funding from such a great consortium of companies. The collaboration will play an integral part in helping the next phase of our growth journey as we see the demand for Eco-Valve continue to rise. Moreover, the partnership also demonstrates a strong shared commitment to supporting the environment too. And it is by working together with all our stakeholders, we passionately believe we can not only support the aerosol industry but revolutionise it."
Cam Ross, CEO of Green Angel Syndicate commented: "Salvalco's Eco-Valve is transforming the aerosol market for the better. It is innovations like this that have a real effect on reducing the harmful pollutants that are accelerating climate change. We are so impressed with Salvalco and delighted to be able to contribute to their pioneering technology."
*Risk disclaimer: Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Even when diversified within a fund, investing in early stage companies carries a higher risk than investing in more established companies. Investment in EIS and SEIS funds should be considered as part of a diversified portfolio. For professional investors only.