Tuesday, August 16, 2011

HzO Raises $7M

Salt Lake City-based HzO, a manufacture of industrial coatings, has raised $7M in a Series B funding, according to the firm. Investors in the round included Harris & Harris Group, Prudence Holdings, and Pike Capital Partners. HzO develops nanoscale coatings which protect electronics against water. Harris & Harris said it invested $1.67M as part of the round. HzO is majority owned by ZAGG. The firm's CEO is Paul Clayson.