Industrial sterilization and cleaning company Mork Process Inc. raised $1.4 million in equity of an expected $2 million funding round, according to a Securities & Exchange Commission filing.
The Stow, Ohio-based company specializes in process cleaning and sterilizing equipment for manufacturers in the pharmaceutical, biotechnology and food industries. Its specialty is “clean-in-place” and “sterilize-in-place” technologies used to sterilize the inside of large mixing containers.
The funding came as the company hired a new chief executive, Chris Yessayan, a former executive with home health equipment maker Invacare Corp. Yessayan was traveling and not available for comment.
In 2008, Mork raised a $3 million Series A round that was led by Mutual Capital Partners in Cleveland and Reservoir Venture Partners in Columbus, Ohio.
The latest bit of funding comes from 11 investors, with the first sale occurring on June 28, according to the SEC filing.
Mork’s founders started the company in Denmark in 1996 with a focus on the pharmaceutical industry and established its U.S. operations in 2002.