Cocona, the materials technology company based in Boulder, Colorado, has secured a $15 million Series C equity private placement and will use the funds for marketing, developing new technologies and general working capital purposes. The transaction was led by H.I.G. Growth Partners and two prior Cocona investors, Fairhaven Capital and Milcom Venture Partners. Houlihan Lokey served as the placement agent. Cocona's technology, which speeds up the breathability and drying rates of performance apparel, counts among its customers The North Face, Under Armour, Eddie Bauer, Adidas and Pearl Izumi.