IdeaPaint Lands $5 Million From Breakaway Ventures For Paint-On Dry-Erase Boards

On Monday, IdeaPaint landed $5 million in Series A funding from Breakaway Ventures to turn smooth surfaces into supersized seamless high performance dry-erase boards with their entirely new type of paint. The paint provides a more flexible, lower cost, higher performance solution to the typical dry erase board. Not only that, but it gives you ability to turn your entire conference room into a creative haven to mastermind your next new idea. The startup is the brainchild of Babson College's entrepreneurial program and recently won the Innovation Award and Best New Product Award at NeoCon, an important event for the contract furnishing industry. As part of their presentation, they created 3,000 square foot dry-erase board and hired 25 muralists to engage and captivate their audience.

Ideapaint already has a distribution channel lined up MDC Wallcoverings, one of the leading marketers in the industry for these types of products. It really does seem like an all around great product, it's also environmentally friendly. They also guarantee that you won't experience "ghost" marks from erasers from leaving ink up for too long like you do with most dry-erase boards. Its great for creative companies who are always running out of room on their boards. Now, you might as well paint your whole startup office with IdeaPaint and cover the walls with your business plan and adjust it as you go.

Use IdeaPaint as a:

Innovation tool for any office environment

• Wall-to-wall, floor-to-ceiling, seamless dry-erase surface
• Dry-erase strip across a wall or around an entire room
• Design element where placed over a colored surface

Cost effective dry-erase for educational areas

• Dry-erase conversion for old chalkboards
• Restoration tool for worn out whiteboards
• Dry-erase writing surface on previously non-functional walls

Creative outlet for children

• Dry-erase surface in any shape for a fun and functional wall
• Entire dry-erase wall for drawing or working on school projects and homework
• Dry-erase coating for desk or crafts table

"IdeaPaint was so attractive to us because of its talented and passionate young entrepreneurs who have developed a unique and patented product portfolio that solves a number of previously unmet needs in a very large market segment."

- Dennis Baldwin, Managing Director of Breakaway Ventures

About Breakaway Ventures:

Breakaway Ventures is a unique venture capital and private equity firm that focuses on a new generation of innovative and high growth retail and consumer oriented businesses. We move well. We move well beyond the requiresite financial engineering to busienss innovation and value creation by partnering on every level with forward-thinking entrepreneurs.