Port Talbot-based manufacturing start-up, Hexigone, has received an investment of almost £900,000 from both new and existing investors, including our client, the Development Bank of Wales.
Jordan Thomas, from Capital Law’s corporate team, advised the Development Bank of Wales on this investment round – which will enable the Welsh start-up to expand global sales of its smart corrosion inhibitors.
The cash-injection comes at a key milestone for Hexigone, with recent technical validations leading to commercial sales. The company is also on the verge of completing major deals with two multibillion-pound coating industry giants in Asia.
You can read more about the deal here.