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Aspen Aerogels Adds Venture Capital Debt Funding

Monday, May 20, 2013 5:33:00 AM PDT | VentureDeal
   Northboro, Massachusetts  --  Nanotechnology company Aspen Aerogels has announced that it has received $22.5 million in new venture capital debt financing.

Aspen uses nanotechnology to create a number of gel insulation applications for military, construction and oil and gas industries.

Investors in the debt round were not disclosed.

Concurrent with the announcement, Aspen also announced the suspension of its plans to undertake an Initial Public Offering (IPO).

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