Avalon SteriTech Raises US$9M in Pre-Series A Funding
Summary
Avalon SteriTech, a Hong Kong-based company specializing in public health and environmental hygiene solutions, raised $9M in Pre-Series A funding. The company intends to use the funds to expedite its overseas business expansion, particularly in Asia Pacific and the Middle East, and advance its product development by building robotics, biotech, AI, and data science capabilities. Led by CEO Mr. Lewis Ho, Avalon SteriTech provides cleaning, disinfection and sterilization technology infrastructure for public spaces. Avalon SteriTech has entered the Hong Kong Science & Technology Parks Corporation (HKSTP) Elite Program in October this year. The program is created to help technology enterprises with strong growth potentials to further expand their business outside Hong Kong, and eventually become unicorns.