£10m for Keronite

Keronite, the developer of new metal-coating process that hardens the surface of aluminium and magnesium alloys, has concluded a £10 million funding round backed by hi-tech VCT firm Quester (£1.3 million) and private investor network Hotbed (£2.7 million) among others.

Based in Cambridge, Keronite’s technology is perceived to make such lightweight alloys suitable alternatives to steel, plastics and ceramics in a variety of industries.

Several F1 and Indy car racing teams are already said to be using the process to improve performance and fuel efficiency. The US military, meanwhile, has focused on enhancing corrosion protection for its amphibious vehicles. 

‘Keronite has developed a unique technology with a wide range of applications in substantial markets,’ says Quester’s Jamie Brooke. We believe the company is well placed to build a market leading position in its space.’

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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