HAYWARD, Calif.–(BUSINESS WIRE)–November 5, 2014–
C3Nano, the developer of the nanomaterial-based, solution coat-able transparent conductive material Active-grid™, announced today that it has raised $12M in Series C funding. The round was led by Nagase America Corporation and a yet to be disclosed large-cap global industrial company. The round also included new funding from existing investors GSR Ventures and Phoenix Ventures Partners (PVP) to support continuing market development, and private investment group Hongguo International Holdings Limited.
The company plans to use the new funding to expand its manufacturing capacity and organization at the company’s Hayward, CA based facility to keep up with demand for its recently launched Active-grid™. The funding will also support R&D of several complementary advanced materials and new products.
“With Nagase’s leading position in the display and touch panel industry, and the deep background and operations of our undisclosed industrial partner, we see a clear path to expanding our reach into key markets and regions, so we are excited about deepening these relationships with our strategic investors,” said Cliff Morris, CEO at C3Nano. “Their investments demonstrate a great vote of confidence in our technology and our people, and we’re looking forward to working closely with both companies.”
C3Nano’s Active-grid™ technology is an industry leader in transparent conductors offering best conductivity and optical performance along with solution coat-ability and environmental durability unmatched by ITO and other alternatives.
Founded in 2010, as a spinout from Professor Zhenan Bao’s chemical engineering laboratory at Stanford University, C3Nano has developed solution-coated, transparent conductive materials to substitute indium tin oxide (ITO) in devices of today and tomorrow. C3Nano works with prominent global and Asia-based companies serving the consumer electronics supply chain, including chemical companies, converters, coaters, and device makers. C3Nano’s high performance materials seek to disrupt and capitalize on explosive growth in the touch-panel industry, thin-film PV, and emerging technologies such as OLED lighting and smart windows. C3Nano is a backed by leading venture capital firms and is headquartered in Hayward, California, USA.
Missy Bindseil, 830-237-9527