Nanotech Industrial Solutions raises $12m in growth capital led by EcoMachines Ventures
The investment was led and syndicated by long-term backer EcoMachines Ventures to accelerate sales and product development.
≈ £8.8M at $1 = £0.7374 on 14 May 2018
Nanotech Industrial Solutions manufactures nano-sized particles of inorganic fullerene-like tungsten disulfide to produce high performance lubricant additives.
Nanotech Industrial Solutions has secured $12m in growth capital to accelerate sales and further develop applications for its proprietary nanoadditive technology. The round was led and syndicated by EcoMachines Ventures, an existing backer of the business.
The company produces nano-sized particles of inorganic fullerene-like tungsten disulfide, which serve as high-performance additives for greases, industrial lubricants, and metal working fluids. This patented particle structure reduces friction, wear, and equipment downtime while improving resource efficiency in automotive and industrial settings.
The fresh capital will be deployed to scale commercial operations and expand market presence as demand increases for high-performance specialty chemicals.
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
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About the company
Nanotech Industrial Solutions
Nanotech Industrial Solutions manufactures advanced lubricant additives using patented nanoparticle technology.