Venture Capital News: R-Zero Scores $15M Series A Round
2020-11-10
SAN FRANCISCO, CA, R-Zero has secured $15 million in a Series A financing round.
R-Zero, a biosafety company dedicated to developing the most effective hospital-grade technologies to reduce the spread of infectious disease, today announced $15 million in new capital and remarkable business momentum, just three months after first introducing its germicidal UV device.
The $15 million Series A round of financing was led by DBL Partners, one of the largest pioneering and leading impact investors, with participation from Bedrock Capital and HAX / SOSV. As part of the round, Ira Ehrenpreis, Managing Partner at DBL Partners, has joined R-Zero's Board of Directors. This new capital will allow R-Zero to further accelerate production and deployment of its flagship IoT UV-C system to meet strong demand, while continuing development of new product innovations that will further contribute to a new standard public health and safety.
R-Zero is the first biosafety company dedicated to making the spaces we all live, learn, work, and play safer and clinically clean. Founded to help businesses protect what matters most, R-Zero's suite of thoughtfully designed, hospital-grade technologies and science-backed protocols reduces the transmission of pathogens and the diseases they cause - from the coronavirus to the common cold. R-Zero's flagship product, Arc, is a touchless, hospital-grade UV-C disinfection device, designed to be operationally and financially accessible to organizations of all shapes and sizes. BLE, LTE-M and GPS connectivity shares usage data in real-time, providing organizations with an auditable trail of all disinfection activities for the first time. Results from recent independent lab tests prove Arc's hospital-grade efficacy, successfully destroying over 99.99% of pathogens (including human coronavirus and norovirus) in a 1,000 sq ft space, in just 7 minutes. R-Zero is backed by leading venture capital firms, as well as thought-leaders from the health, hospitality, sports, commercial real estate, impact, and other industries. The company is headquartered in San Francisco, CA. For more information, visit www.rzero.com.
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