Israel’s Nanosono receives investment from Turkey-based ODAS
"This is a significant milestone in Nanosono’s business growth on the way to becoming a leading global player in the antibacterial textile market,” said Ori Bar Chaim, CEO of Nanosono
"This is a significant milestone in Nanosono’s business growth on the way to becoming a leading global player in the antibacterial textile market,” said Ori Bar Chaim, CEO of Nanosono. “I have no doubt that the joint development will provide great value to advanced antibacterial brands in the textile market, particularly in the current era when demand for antibacterial solutions is at its peak. I would like to thank our partner ODAS from Turkey for their investment and trust and thank Nimrod Arad, member of the Israel-Turkey Chamber of Commerce, for introducing and promoting this important agreement."
Nanosono was founded in 2015 by Ronen Sarusi and is based in the Israeli city of Yokneam. Its nanotechnology-based coating can help surfaces destroy bacteria by transforming them into self-sterilizing ‘antimicrobial firewalls’. It has raised $14 million to date, according to Startup Nation Central.
Aaron Gorovitz, Chairman of the Nanosono Board of Directors, added: "The ODAS investment is a huge expression of confidence in Nanosono. We are preparing to deliver advanced antibacterial fabrics from the production lines in Turkey to other markets around the world. As a result of the signed agreement and other developments, we expect to double our company's value to $100 million by the end of 2022."