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Matheson advises Kastus on its Series A equity fundraising

AUTHORs: Patrick Spicer Services: Corporate Date: 24/06/2021

A Matheson team led by corporate partner, Patrick Spicer, corporate senior associate Rob Barrett and corporate solicitor Joanna Crowley, is delighted to have advised Kastus on its Series A equity fundraising.

Kastus is an award-winning surface innovation company with global headquarters based in Ireland. Its patented range of antiviral and antimicrobial surface coatings are designed to enhance surfaces across its range of products and integrated solutions.

John Browne, Founder and CEO of Kastus, commented “We are grateful to the team at Matheson for their hard work, knowledge and commitment to drive success for Kastus. Rob and Paddy controlled, what was a very detailed and smooth process, enjoyed by the company and our investors. The Series A round allows us to implement an ambitious business plan.  We are seeing rapid acceleration in demand for our unique 24/7 surface coating technology, which is ISO proven to kill 99%+ of harmful bacteria and viruses. We look forward to a long working relationship with the Matheson team”.

Rob Barrett commented: “We are delighted to have advised Kastus on this important milestone in its global expansion. This investment is a great example of how international and domestic investors are keen to invest in successful home grown Irish businesses, such as Kastus, looking to increase their international footprint.”

The investment was led by Alpha Ascent Ventures with continued participation from Atlantic Bridge, Carragh Holdings and Enterprise Ireland.

With a wealth of experience across our six partner led offices worldwide and a dedicated 100 person Corporate Department, Matheson has some of the most experienced corporate lawyers in Ireland.  Excellence matters and Matheson’s Corporate Department, led by 23 partners, has unparalleled experience in complex and innovative domestic and international corporate transactions across all industry sectors.

For more information about our legal services, please contact a member of the Corporate team or your usual Matheson contact.