Portfolio Update: ZS2 Technologies

ZS2 Announces Completion of Major Financing, U.S. Insurance Partnership, and Milestone Testing Program with New Strategic Partners

It has been a busy summer for Strategic Ventures portfolio company ZS2 Technologies (ZS2). In May and June, the company commissioned its North American production facility for low carbon magnesium cement products, and it has built steadily on that milestone since.

Financing: ZS2 has closed a significant investment round to accelerate growth. The round was led by two prominent Canadian First Nation investment funds, a U.S. real estate fund, and a Canadian based family office. At the same time, ZS2 was shortlisted for two Canadian government grants of $2.8MM and $10.2MM to support the next phase of its scale up.

Testing and validation: ZS2 has entered a strategic agreement with a significant U.S. building products company to support third party testing and validation of its proprietary TechBoard for use as fire rated flooring and exterior sheathing. This agreement is separate from the company's previously announced Joint Development Agreement with one of North America's largest commercial roofing companies.

Insurance: In August, ZS2 secured its first U.S. insurance partnership with USI Insurance Services. It builds on existing partnerships with Aviva and Lloyd's of London (through Price Forbes) that give ZS2's customers significantly reduced insurance premiums.

Industry recognition: ZS2 was selected for the MaRS Adaptech Accelerator program in

collaboration with MaRS Discovery District and presented at the Adaptech Demo Session at Cleantech Central at the MaRS Waterfront on September 21. The company will also present at Builtworld's AEC Emerging Tech Event in Boston on November 18 and 19.

Please contact Mitchell Hauser or Tony Coretto for further information or to arrange a meeting with Scott Jenkins, ZS2's CEO.