UVC LED Vendor RayVio Receives $ 26M Investment from Chinese Investors

RayVio, an advanced UVC LED vendor, 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 world.

 “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 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, and one 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.

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