BOSTON–(Business WIRE)–Protecting nanocoating company actnano right now announced that it has raised $12M in a Series A funding spherical. Emerald Technologies Ventures led the spherical and was joined by Content Effect, as well as Henkel Tech Ventures, GC Ventures The united states (PTT World-wide Chemical) and Ireon Ventures (Hellas Oil).
actnano is setting a new common for electronics safety with its commercialized water and environmental resistant coating technology, Highly developed nanoGuard™ (ANG). The company’s wet ANG coatings can be used straight on connectors, antennas, LEDs and high heat generating elements, making it possible for electronic makers to comprehensively safeguard their units for the initially time. With a scalable, turnkey solution that seamlessly integrates into current producing lines, actnano is positioned to expand its world-wide footprint with major automotive and customer electronics brands. Currently the organization counts world automotive, digital auto and purchaser electronics OEMs and Tier-1 suppliers as shoppers, with its ANG know-how presently built-in into production vehicles and the world’s main smartphones.
“These days, electronics run the car. We make confident the electronics hold jogging even following the espresso spills,” said Taymur Ahmad, CEO of actnano. “When automotive electronics like autopilot units interact with h2o or other environmental aggressors, the effects can be dire. We’ve noticed minimal to no innovation in the protective coating classification in a long time, and with the the latest explosion of self-driving and engineering-laden motor vehicles, a improved resolution was wanted. actnano responded, generating a hydrophobic, electrically insulating coating that allows electrical connection through the coating. Considering the fact that connections have traditionally experienced to stay uncoated and therefore vulnerable to drinking water damage, this innovation is an field gamechanger. We are thrilled to include this sort of an spectacular investor syndicate to the actnano family members. Their collective experience and knowledge will be pivotal as we usher actnano in its following stage of advancement.”
The funding round arrives at a vital time for the company, as they extend their automotive consumer base with OEMs in Germany, Japan and Korea. Emerald Technologies Ventures, a chief in industrial technology investments, is perfectly positioned to support the actnano group speed up its sector adoption.
“The actnano staff has demonstrated immediate engineering adoption in notoriously challenging automotive and buyer electronics marketplaces. The combination of their complex performance and solid value proposition are now driving growing adoption by both equally OEMs across platforms and Tier-1 prospects throughout applications,” explained Neil Cameron, who will join the actnano board from Emerald. “We look ahead to performing with actnano, our syndicate partners and our Confined Companions to accelerate industry adoption of their ground breaking coatings,” included Gina Domanig, Controlling Companion of Emerald.
In addition to its charge and efficiency gains, actnano’s technology is human-harmless, non-toxic and environmentally sustainable. This is a major departure from current coating technologies, quite a few of which count on poisonous products, can pose significant overall health repercussions for employees and are expensive to deploy. Material Affect sees the investment decision in actnano as core to its thesis of investing in environment-shifting products enabled by materials science improvements.
“As electrification continues to extend into just about every industry, the have to have to guard the fundamental and enabling circuitry gets to be significant,” claimed Adam Sharkawy, Co-founder and Running Companion at Material Effect. “We believe that the fluid, self-healing coatings made by actnano are well positioned to handle that fast-escalating need to have.”
As an expert in functional coatings for their Adhesive Systems enterprise, Henkel Tech Ventures recognized the big hole that existed in the water resistant coatings market place, and how transformative actnano’s technologies could be for Henkel’s global consumer network.
“As portion of our venturing routines we are searching for novel and scalable formulated systems offering distinctive gains for growing markets”, points out Paolo Bavaj, Head of Corporate Venturing, Adhesive Technologies. “Functional coatings are a big focus topic for our Adhesive Systems enterprise. We are energized to perform with actnano who has formulated a conformal coating technological know-how that guards total printed circuit board programs, responding to the rapidly-increasing demands specifically in automotive electronics and consumer electronics. The technology has currently tested its marketability and is commercially offered. With each other we intention to unlock new possibilities across Henkel´s substantial buyer base in these marketplaces globally.”
actnano is environment a new regular for electronics protection with its commercialized h2o and environmental resistant nanocoating know-how, Advanced nanoGuard™ (ANG). The company’s damp ANG coatings can be used specifically on connectors, antennas, LEDs and substantial warmth creating parts, permitting digital suppliers to comprehensively safeguard their products for the initial time. With a scalable, turnkey option that seamlessly integrates into present manufacturing lines, actnano is positioned to broaden its world wide footprint with primary automotive and buyer electronics suppliers. Nowadays the firm is a dependable partner to worldwide automotive and shopper electronics OEMs and Tier-1 suppliers as consumers, with its ANG technological innovation now built-in into manufacturing motor vehicles and the world’s top smartphones. For a lot more details, you should pay a visit to www.actnano.com.
About Emerald Know-how Ventures
Emerald is a globally regarded financial investment firm and strategic innovation partner, with workplaces in Zurich, Toronto and Singapore. Launched in 2000, it has raised 5 undertaking funds resources, done around 400 venture investments in 67 emerging industrial engineering leaders and managed 5 3rd-get together investment decision mandates, including for the governments of Switzerland and Singapore. Emerald is a trusted open up innovation lover for quite a few multi-nationwide corporations, leveraging deep marketplace experience and rich worldwide offer stream in the places of vitality, drinking water, industrial IT, sophisticated elements, mobility, robotics, and agriculture.
About Product Effect
Materials Effects is a venture cash fund that invests in building corporations which remodel materials systems into merchandise that make an impact on serious environment troubles. Content Impact is headquartered in Boston, Massachusetts. For far more information, be sure to check out http://www.materialimpact.com.
Henkel operates globally with a well-balanced and diversified portfolio. The corporation holds leading positions with its three small business models in each industrial and shopper enterprises thanks to solid manufacturers, innovations and systems. Henkel Adhesive Systems is the world-wide leader in the adhesives market – throughout all market segments around the world. In its Laundry & Dwelling Care and Attractiveness Treatment businesses, Henkel retains top positions in several markets and classes about the world. Started in 1876, Henkel seems to be back again on extra than 140 many years of good results. In 2019, Henkel described product sales of a lot more than 20 billion euros and adjusted running revenue of a lot more than 3.2 billion euros. Henkel employs much more than 52,000 persons globally – a passionate and remarkably numerous group, united by a powerful business culture, a typical goal to develop sustainable value, and shared values. As a acknowledged chief in sustainability, Henkel holds best positions in lots of intercontinental indices and rankings. Henkel’s desired shares are stated in the German inventory index DAX. For far more information, you should stop by www.henkel.com.
About Henkel Tech Ventures
Henkel Tech Ventures is the corporate undertaking money arm of Henkel Adhesive Technologies, recognized in 2016. Headquartered in Düsseldorf, it capabilities as a connector concerning external innovators and Henkel. As a result of networking, consulting, partnerships and investments, the unit supports the development of startups and at the similar time enhances Henkel’s new small business improvement endeavours. For additional info, make sure you pay a visit to www.henkel-tech.ventures.
About PTT Worldwide Chemical (GC)
GC is a world-scale petrochemical participant with an mixture ability of far more than 11.2 million tons for every annum across numerous chemical price chains. GC’s enterprises span manufacturing and distribution of upstream, intermediate, and downstream petrochemical solutions serving a variety of industries these as packaging, clothing, communications, electronic products, electrical appliances, vehicles, building products, engineering plastics, and a lot much more. GC is detailed on the Inventory Trade of Thailand with property far more than US$15 billion. For much more information, you should visit https://www.pttgcgroup.com/en.
About GC Ventures The united states
GC Ventures The us is the company enterprise funds arm of GC. It serves as a strategic trader and lover leveraging the breadth of GC’s methods and business enterprise footprint to support startups scale. The expense thesis features advanced supplies, electronic platform, biotech, life sciences and clean tech. The company venture unit invests globally with offices positioned in Boston, MA and Bangkok, Thailand. For more data, please stop by https://gcinternational.com/cvc/.