Nanomox secures £2.4m in seed funding to scale production of advanced materials and metal recovery
The funding round was co-led by TSP Ventures and Boast Trading to help establish the company's first commercial pilot plant.
Share allotment filed at Companies House
Nanomox produces advanced ionic liquid materials and recovers critical metals from industrial waste.
London-based materials company Nanomox has secured £2.4m in a seed funding round blending equity and grants. The financing was co-led by TSP Ventures and Boast Trading LLC, with additional participation from Imperial College Enterprise Fund 3, SNØCAP, the Circular Innovation Fund, EIT RawMaterials, and several UK angel investors.
The capital infusion will enable the company to establish its first commercial pilot plant and research facility, named Catalyst 1, to scale up production capacity and supply cosmetic industry partners. The round also includes support from the Innovate UK Investor Partnership programme.
Founded as a spinout from Imperial College London, Nanomox uses proprietary ionic liquid chemistry to manufacture finely tuned metal oxide particles for applications such as UV protection and electronics, while simultaneously recovering valuable metals from waste sources.
From the founder
"Our unique ionic liquid platform can create nanoparticles tuned for high performance in high-value applications. With the same platform, we can recover valuable raw materials from waste sources and mineral ores,"
Francisco Malaret
Founder and CEO at Nanomox
Investor perspective
"We are delighted to continue our investment in Nanomox by co-leading this seed round as the company enters an exciting phase of growth. Nanomox is commercialising advanced materials while advancing the core technology to process industrial residues and legacy waste, which represent an underused resource with major economic and environmental value. Nanomox is entering the market with a scalable, low-carbon platform designed to unlock that value by both producing high-performance materials and recovering critical minerals."
Mike Doswell
Co-founder, TSP Ventures
Use of funds
- 01Scale operations
- 02Fund research and development
Investors
Mike Doswell
TSP Ventures
Boast Trading
Imperial College Enterprise Fund 3
SNØCAP
Stéphane Villecroze
Circular Innovation Fund
EIT RawMaterials
Innovate UK