Fabio Cannavale took a 3% equity stake in the company.
The company intends to use the funds to continue to expand sales efforts globally.
Led by Massimo Bernardoni and Antonio Cianci, Airlite manufactures worldwide patented inorganic water-based powder paints for exteriors and interiors. Through the use of light energy, Airlite reduces pollutants, eliminates odors, prevents mold and destroys harmful pathogens.
The products are currently sold in Mexico, UAE, Qatar, Thai, Italy, UK, France and Ireland.