UK-based D30 has attracted £9 million-worth of investment from private equity firm Beringea and £3 million from venture capitalist the Entrepreneurs Fund.
Other existing shareholders are supplying the balance of the total amount.
The company’s patented technology is used to make a soft, flexible and distinctive orange coloured material with high shock absorbing properties that is used in impact protection products.
In the sports industry, D30 has licensed its technology to brands such as HEAD, KOOGA and Gunn & Moore.
Recently, it’s developed a new American football helmet liner system designed to reduce brain trauma.
D3O impact absorption technologies also feature in Schutt Sports’ STX Stallion lacrosse helmet, which won a Manufacturing Leadership award for new product innovation.
According to the company, which had revenues of £10 million in 2014, the new capital will facilitate international expansion, investment in plant and machinery and the expansion of its team of chemists, engineers and designers.
Stuart Sawyer, CEO of D3O, says: “Innovation and talented people are the lifeblood of our company and the new funds will enable us to invest further in R&D facilities and recruit even more highly talented individuals to join the team.
“This investment will allow us to place more emphasis on product development and international marketing, which will enable us to maintain our market leading position in impact protection solutions.”
