cliqloc GmbH, a Cologne, Germany-based company that develops a technology for beverage can closure systems, raised an undisclosed amount from High-Tech-Gründerfonds and Rheinland Venture Capital.
The funding is being used to drive the project forward from the idea through to market launch.
Summarised the reason for the investment, Benjamin Erhart, analyst at High-Tech Gründerfonds, was quoted as saying: “cliqloc has developed a portfolio of products that are as simple as they are ingenious.
“The cliqloc closure makes it possible for the first time to close beverage cans with one hand and, thanks to an integrated valve, also to reopen it with control even with increasing pressure inside.
“Beverage containers that are becoming larger, such as half-litre energy drinks and Makrolon cups at events, are among the market trends in beverage packaging, especially internationally.
“We expect the cliqloc products to make the leap into these demanding markets, initially as a marketing tool. Other promising products, such as lids as primary closures, are in the development pipeline”.