NxLite Raises $9.2M Series A to Scale Air-Stable Coatings

Deal Summary

NxLite, a Canton, MI-based maker of air-stable coatings, raised $9.2M in a Series A round led by Crabtree Lane Alt, LLC with participation from Earth Foundry, MUUS, New Climate Ventures and ACT Venture Partners. The company will use proceeds to expand commercial operations in Michigan and accelerate growth.