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actnano, Inc. Announces $40 Million Investment
actnano, Inc., a global leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital. actnano’s innovative solutions are trusted globally by leading electronics OEMs and Tier-1 suppliers to provide advanced protection from water and harsh environmental conditions. The company will use the proceeds to continue to expand its technical sales and services footprint as well as to increase production volumes and efficiencies to meet the global demand for their product.
actnano Inc. Announces Oversubscribed $21.75 Million Series B Funding
actnano, Inc., a global leader in surface protection technologies for automotive and consumer electronics, announced the close of an oversubscribed $21.75 million Series B financing led by BMW i Ventures. Additional new investors include HELLA Ventures and TDK Ventures. All Series A investors, including Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ireon Ventures and Material Impact, also participated in the round.
actnano specializes in water and environmental resistant nanocoating technologies. The company’s innovative surface protection solutions are trusted by global automotive and consumer electronics OEMs and Tier-1 suppliers. actnano’s nanoGUARD technologies are currently protecting electronics on over 2 million production vehicles, including 80% of EVs in North America, as well as many of the world’s leading consumer devices. actnano will use the new funds to expand its global sales and technical teams, as well as ramp up production to meet the significant increase in demand for their product.
Henkel invests in advanced materials start-up actnano
Henkel Adhesive Technologies further enhances its market offerings for functional coatings by investing in actnano, Boston, Massachusetts, USA. The advanced materials start-up provides a unique tailored conformal coatings technology for the protection of printed circuit boards in a variety of applications in growing electronics segments.
Founded in 2012, actnano has developed a unique commercialized technology for gel-based coatings with comprehensive waterproofing and environmental resistant properties. The materials are designed to provide superior protection to printed circuit boards including connectors, antennas, LED´s and all mounted components and provide benefits in a broad variety of fast-growing automotive electronics and consumer electronics applications. The liquid applied coatings offer a drop-in solution for existing coating lines and enable customers to increase throughputs and to significantly reduce the production costs per device. The actnano technology is hydrophobic, electrically insulating and allows electrical connection through the coating. Together with Henkel the start-up aims to further optimize waterproofing properties for tailored solutions in target markets and to scale-up the technology across the globe.