DR Horton
Assembly Line
Adept Materials raises first tranche of $4M seed round to commercialize building moisture control technology
Adept Materials, an advanced materials startup, has announced the first closing of a $4M seed round. This equity funding will help bring its patented directional moisture control technology to market. In particular, the investment will fuel the commercial launch of its first product, an advanced interior wall paint and primer system, and the development of a directional water-resistive barrier product.
The round is led by D.R. Horton and PulteGroup, two of North America’s largest homebuilders, joined by Massachusetts Clean Energy Center (MassCEC), a state-run economic development agency, and Point Cove LLC, an investment firm.