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Home > News > Maryland’s Reactive Nanotechnologies raises $10.5 million

June 7th, 2007

Maryland’s Reactive Nanotechnologies raises $10.5 million

Abstract:
Reactive Nanotechnologies Inc. has brought in $10.5 million of a $17 million Series C raise, according to a U.S. Securities and Exchange Commission filing.

Siemens Venture Capital led the financing. Previous investors Sevin Rosen Funds nad Toucan Capital also participated. It previously also raised $4.5 million in grants from the National Science Foundation to develop additional manufacturing sites and applications.

Founded in 2001, the company makes nano-scale furnaces for soldering. Its NanoFoil precisely control the instantaneous release of heat energy for reaction initiation and joining applications.

Source:
techjournalsouth.com

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