Helicon Chemical Successfully Closes Initial Round of Funding
ORLANDO – Helicon Chemical announced today that it closed the lead $2M of its Series A funding round with lead investor, Harlow Capital Management.
“Helicon’s technology has the potential to quickly change the entire market leading to big advancements in defense and commercial space industries,” said Colby Harlow, President of Harlow Capital Management.
“We specialize in investing in unique and revolutionary technologies with potential to have an immediate impact. Helicon’s technology coupled with their strong and seasoned management team will allow the company to rapidly grow with more capital at its disposal.”
The company will use the funds to drive business growth, expand production capacity and further partnerships across academia, government and commercial sectors.
“This is the latest in a series of exciting steps to expand the benefit and reach of Helicon’s important work,” said Dr. Wes Naylor, Helicon Chemical Chief Executive Officer.
“Working together with customers, partners and investors like Harlow, our goal is to rapidly bring enhanced performance to both the Commercial Space and Department of Defense markets in a manner that allows for the upgrade of legacy systems, and emerging technology sets more rapidly, and at a better price point.”
Helicon continues to build on the pioneering work of Founder and CTO, Dr. David Reid, to deliver a drop-in-ready, upgraded propellant binder that will improve the performance of missiles, rockets, propulsion systems, and munitions.
The company has been the recent recipient of the multiple contract awards, from various DoD partners, to include their award from the USAF Armaments Directorate Pitch Day for common propellant solutions for the United States Air Force.
Helicon Chemical is a client company of the UCF Business Incubation Program at Research Park.
“This is another important step for a company that has been a part of UCF since its early days of research at the University,” says Carol Ann Logue.
“Helicon is another perfect example of the entrepreneurial ecosystem here in Central Florida that generates great technology and then provides the resources for entrepreneurs to scale into great businesses.”
Helicon’s patented technology allows for the rapid modernization of current armaments and future hypersonic weapons programs — aligning with one of the DoD’s top R&D priorities for 2022. The binder will help increase speed, lift and overall mission effectiveness of propulsion systems.
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