Korvata, a startup seen around University of Washington student pitch competitions since last year, has graduated into the real world with $400,500 in funding of its own, according to a SEC filing.
The Seattle startup, which is in stealth mode, is developing patent-pending technology to help food and beverage companies reduce greenhouse gas emissions and increase safety.
One aspect of its technology can be used to replace the use of nitrous oxide as a whipped cream propellant, but a company spokesperson said on Friday what it’s developing has much broader implications.
The spokesperson confirmed it has closed a seed round of funding, led by “prominent angels.” The startup, with research offices in Palo Alto and a headquarters in Seattle, plans to use the money to “support the company’s ongoing efforts with its customers to fully commercialize Korvata technology.”
Korvata president Chris Metcalfe, co-founder of big data analytics company Context Relevant and a former Isilon marketing manager, declined to comment any further, saying the company isn’t quite ready for its public debut.
We still don’t have many details as to what Korvata is up to, but we do know it has an impressive roster of advisors, including scientists, a food industry executive, a former Food and Drug Administration official and former Amazon product development executive Anthony Joseph.
