MITO Material Solutions raises $4.6 million for new product development and scale-up

Specialty chemical company, MITO Material Solutions, raised $4.6 million dollars in a funding round that closed in late January. Funding came from a seed extension by existing and new MITO investors such as specialty chemicals solutions provider, Ingevity Corporation, and will be used to expand MITO’s Indianapolis operations, including new lab space for developing industry leading products and new composite material technologies.