Nur Ink Innovations

Company Overview

Snapshot

Founded in November 2018, Nur Ink Innovations operates with 11–50 employees. The company has raised $12 million across two funding rounds and went public on the TASE in May 2021, achieving a valuation of 291 million shekels.

Business overview

Nur Ink Innovations specializes in the design, development, and production of environmentally friendly water-based pigment inks for digital inkjet printing applications. Its core product, Digital Sol-Gel, utilizes 3D cross-linking chemistry to create a new category of water-based pigment inks. These inks are customized for specific printers and are used in applications such as Direct-to-Garment (DTG), Direct-to-Textile (DTT), and roll-to-roll printing for indoor and outdoor advertising and wallpapers. The company serves the printing industry, focusing on sustainable solutions that reduce environmental impact, energy consumption, and sustainability costs.

Strategic signal

In August 2023, Nur Ink Innovations signed a multi-year sales agreement with a leading European manufacturer of digital textile printers for the supply of its unique water-based pigment ink. This agreement is significant as it validates the commercial viability and market demand for Nur Ink's environmentally friendly technology, particularly given the ink's exceptional resistance and stability, and its compliance with OekoTex Eco-Passport and GOTS 7 standards. For investors, this signals strong market penetration and potential for sustained revenue growth in the digital textile printing sector.

Company Intelligence Q&A

What was a key commercial development for Nur Ink Innovations in August 2023?

In August 2023, Nur Ink Innovations signed a multi-year sales agreement to supply its unique water-based pigment ink to a leading European manufacturer of digital textile printers. This agreement is expected to generate a gross profit of approximately 60% from ink sales.

What strategic leadership appointment did Nur Ink Innovations make in May 2023?

In May 2023, Nur Ink Innovations appointed Dr.-Ing. Christian Compera, former General Manager of Industrial Printing Solutions at The Ricoh Company Ltd, as a senior strategic consultant. His role focuses on business development, marketing, and sales to expand Nur Ink's market presence.

What was the outcome of Nur Ink Innovations' pilot with Sonovia in March 2021?

In March 2021, Nur Ink Innovations successfully completed a pilot with Sonovia, where Sonovia's ultrasound-based technology was used to treat Nur Ink's fabrics, imparting anti-bacterial properties. These treated fabrics were then printed with Nur Ink's water-based pigment ink, demonstrating high efficiency against bacteria even after printing.

When did Nur Ink Innovations go public and what was its valuation?

Nur Ink Innovations went public on the Tel Aviv Stock Exchange (TASE) in May 2021. The company's valuation soared to approximately 291 million shekels following its initial public offering.

What was a significant commercial milestone for Nur Ink Innovations in December 2021?

In December 2021, Nur Ink Innovations received its first commercial purchase order from one of the world's largest digital printer manufacturers, signaling market acceptance and demand for its functional water-based pigmented inks.