NanoGram Corporation, a leading developer and licensor of core process technology enabling the manufacture of unique nanostructured materials for optical, electronic and energy applications, announced today that it has raised $18.7 million in a new round of financing.
The round was led by Technology Partners and included all existing NanoGram investors: ATA Ventures, Nth Power Technologies, Bay Partners, Harris & Harris Group, Rockport Capital Partners, Institutional Venture Partners and SBV Venture Partners.
"NanoGram has established a powerful materials production and application development platform that enables the creation of breakthrough nanoproducts for many industries," said Ira Ehrenpreis, General Partner at Technology Partners. "NanoGram has developed a unique scalable nanoparticle production process that simultaneously controls particle size, size distribution, shape, elemental composition and morphology."
"We are looking forward to Mr. Ehrenpreis' contributions to NanoGram's board, particularly given his and Technology Partners' focus on Materials Science investing," said NanoGram CEO Kieran Drain. "In addition, we are very pleased with the continued support we have received from our existing investors. NanoGram's successful execution of partnership programs to create products and product functionalities never thought achievable is the foundation of this strong support."
The new funding will be used to build on the company's successes in optical nano-composites and applications of nanomaterials in energy products, and to pursue innovations in electronic materials and composite structures for imaging applications.
NanoGram provides customized nanotechnology solutions that enable partners to realize substantial product performance advantages. NanoGram's complete licensing package includes a proven materials production process and process transfer expertise.
Since its founding, NanoGram has collaborated with companies around the world to develop leading edge products and has built an intellectual property portfolio of almost 100 internally developed patents.
