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November 9th, 2005
Nanosys raises $40 million after pulling IPO
Nanosys Inc., a nanotechnology startup which cancelled an initial public offering of shares in 2004, has raised approximately $40 million in a private equity financing round.
In a statement announcing the investment Nanosys did not discuss why it had opted for a venture capital round rather than a repeated attempt at an IPO, but said it would use the money raised to fund development and manufacturing scale-up of products that incorporate its proprietary, inorganic nanostructures.
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