OnTech Ends Business

OnTech, a San Diego venture that makes self-heating beverage containers sold under the Hillside Beverages brand, went out of business Nov. 8, according to a brief notice on its online store. Venture Wire, which was the first to report the company had gone cold, says OnTech raised about $31.6 million in equity and $11 million in debt from investors that include DFJ Frontier Fund, Fort Washington Capital Partners Group, GRP Partners, Hercules Technology Growth Capital, and Silicon Valley Bank. OnTech, which I profiled in 2004, is seeking to recover the value of its business, which it values at between $80 million and $150 million, through an arbitration proceeding against Graham Packaging.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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