What is Coating Place?
Coating Place operates as a contract development and manufacturing organization (CDMO) with a specialized focus on Wurster fluid bed microencapsulation technology. The company provides a comprehensive suite of services, including formulation and analytical development, technology transfer, process scale-up, and commercial manufacturing. Operating across multiple sites, Coating Place adheres to stringent quality standards and maintains necessary regulatory registrations to ensure compliant and reliable production for its clients in various industries.
How much funding has Coating Place raised?
Coating Place has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
What's next for Coating Place?
The substantial enterprise-level funding indicates Coating Place is poised for significant expansion and further integration into the pharmaceutical and specialty chemical supply chains. This strategic capital infusion will likely support enhanced manufacturing capabilities, broader service offerings, and potentially new market penetration. The company's established expertise in microencapsulation technology positions it for continued growth as demand for specialized drug delivery and material science solutions increases.
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