Catalytic Solutions Raises $10M

Oxnard-based Catalytic Solutions has raised a $10M mezzanine financing round. The funding came from The SAM Group, and Presidio Venture Partners (Sumitomo). Catalytic Solutions is developing advanced catalytic coatings designed to improve the efficiency of automobiles. Catalytic Solutions said that it has products in mass production for Honda, GM, and Ford. The company also that it anticipates that this will be the last round of funding that the company will require. The company had previously received funding from Advent, BASF Venture Capital, Cinergy Ventures, Enertech, GE Equity, Honda, JP Morgan, NGEN, and Rockport Capital Partners. More information »