Advanced health and hygiene company to scale UV LED disinfection
solutions in global markets
HAYWARD, Calif.–(BUSINESS WIRE)–RayVio
Corp., an advanced health and hygiene company, today announced that
it has closed new funding rounds of in total $26 million led by IPV
Capital and Tsing Capital. RayVio will use the new funding to scale
production to meet global consumer demand for protection against germs
in water and environments. RayVio’s powerful Ultraviolet (UV) LED
technology enables compelling new health and hygiene products, such as
point-of-use water disinfection, and creates new markets and revenue
streams for original equipment manufacturer (OEM) partners around the
“Consumers in too many countries lack control over major environmental
health risks that lurk in everything from drinking water to hospital
care,” said Dr. Robert C. Walker, CEO of RayVio. “RayVio’s powerful and
efficient technology protects against these threats and provides peace
of mind so people can go about their day safely. With this investment,
we will scale our technology and expand our partnerships to meet soaring
global demand for safe water and environments.”
More than 3.4
million people die annually from water-related diseases globally,
in 25 hospital patients have at least one healthcare-associated
infection. Existing cleaning solutions are often ineffective, while
today’s ultraviolet technologies either include dangerous mercury or are
not powerful or efficient enough to safely disinfect. Through its unique
UV LED technology, RayVio protects against germs in water, surfaces and
air. Its compact, portable and versatile characteristics enable flexible
applications – from automated surface and air disinfection to
point-of-use water treatment – in a variety of markets.
“RayVio is poised to transform daily life in places like China, where
residents often lack access to basic necessities like safe water and
hospitals,” said Alex Banh of IPV Capital.
“RayVio’s proven technology and deep domain expertise are second to
none,” said Don Ye, founder and managing partner of Tsing Capital. “The
company is enabling a new ecosystem of consumer disinfection products
that were never possible before.”
Existing investors including DCM Ventures, Capricorn Investment Group,
Applied Ventures, Augment Ventures, Tolero Ventures and New Ground
Ventures also contributed to the rounds. The capital will enable the
company to expand its world-class manufacturing frontend and backend
capacity and double its workforce, while continuing to deliver on its
leading product performance roadmap through research and development. It
is also expanding its global sales and marketing capabilities,
application support and distribution channels.
With the new funding, both Alex Banh of IPV Capital and Don Ye of Tsing
Capital will join the board of directors, bringing a wealth of
experience in Asian emerging markets and technologies.
About RayVio Corp.
Corp. is an advanced health and hygiene company that delivers clean
water and environments. RayVio helps protect billions from germs and
creates new markets and revenue streams by enabling a new class of
products. Its powerful and efficient UV LED technology can be integrated
into a variety of applications, powering versatile on-demand solutions
that give consumers control over health without chemicals or costly
consumables. To learn more, please visit www.rayvio.com.
About IPV Capital
IPV Capital is an early growth venture capital fund that invests in
high-growth technology sectors including software, clean-tech,
technology services and semiconductors. With offices in Beijing,
Shanghai and Silicon Valley, IPV Capital brings its wealth of management
and technology development experience to mentor a new of breed of
entrepreneurs with global aspirations. The IPV Capital team has a solid
track record in successfully growing technology startups in China and
beyond, making it the ideal go-to partner for investment in the country.
For more information, please visit www.ipvcap.com.
About Tsing Capital
Established in 2001, Tsing Capital is the leading clean-tech venture
capital firm in China. Through its China Environment Fund series, Tsing
Capital works intimately with its portfolio companies across China in
areas of new energy, energy efficiency, environmental protection,
cleaner production, sustainable transportation, new materials and
sustainable agriculture. For more information, please visit www.tsingcapital.com.
Leon Pikaar, +1 408-209-2557