Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Hawaii Technology Company Adama Materials, Inc. Gets $4.7 Million Venture Investment

Abstract:
Adama Materials, Inc., a developer of nanotechnology-based advanced materials, announced today that it has completed a $4.75 million Series A equity financing led by Artiman Ventures, along with Startup Capital Ventures, the company's founders and a group of Hawaii-based angel investors including Cellular Bioengineering Inc.

Hawaii Technology Company Adama Materials, Inc. Gets $4.7 Million Venture Investment

Honolulu, HI | Posted on September 29th, 2010

The company also announced the appointment of Tim Dick from Startup Capital Ventures as chief executive officer and a member of the board of directors. Also appointed to the board are Amit Shah of Artiman Ventures and John Dean of Startup Capital Ventures. They join founder and chief technology advisor, Dr. Mehrdad Ghasemi Nejhad, graduate chair of the Department of Mechanical Engineering of the University of Hawaii (UH), Manoa. The company's co-founder, Donavan Kealoha, will serve as director of administration.

Adama Materials was founded when Kealoha, a graduate of UH's Shidler School of Business and the William S. Richardson School of Law, and Dr. Nejhad won first place and the technology prize at the 2008 UH business plan competition. Funded originally through grants from the United States Office of Naval Research, the company now has active projects with tier-one aerospace and composites companies and several patents.

"We welcome this investment and the addition of our new board members," said Dr. Nejhad. "It will allow commercialization of the technology Adama has developed over many years at UH, our long-term partner."

"We are delighted to achieve this financial milestone with Hawaii technology that leads the world in this field," said Dick. "It reflects the excitement in the market for the striking performance increases made possible by Adama's technology."

"Adama represents the ideal model of cross-disciplinary development of technology, business and law at UH, and demonstrates how UH discoveries can be successfully transferred to industry," said Jonathan Roberts of the UH Office of Technology Transfer and Economic Development.

Terms of the Series A equity financing were not disclosed.

####

About Adama Materials, Inc.
Adama Materials Inc., founded in 2008, is a Honolulu, Hawaii-based developer of proprietary nanotechnology-based advanced materials for use in composite materials and other applications. For more information on Adama, go to www.adamamaterials.com

About Artiman Ventures
Artiman Ventures helps talented entrepreneurs commercialize leading edge technologies to create world-class companies. The cornerstone of Artiman's diversified technology investment strategy is investing in 'white spaces,' where a company has no identifiable competitors, and a market or technology lead of at least 12 months. Artiman's preference is to be the first institutional capital, at the 'concept stage,' when the founding team is still refining their key ideas and concepts.

About Startup Capital Ventures
Startup Capital Ventures focuses on early-stage companies that require relatively small amounts of capital to achieve success. While most venture capitalists have grown too large to invest as little as $250,000 to $1 million in a financing round, Startup Capital Ventures actively targets investments in this range. The firm leverages its investment with unparalleled operations experience from a team of five seasoned professionals. Though focused on Silicon Valley, Startup Capital Ventures has active investments in Hawaii, Texas and China.

The University of Hawaii
The University of Hawaii, provides unique educational opportunities for its 58,000 students to learn and develop from undergraduate through post-doctoral work at its10 UH campuses and dozens of educational, training and research centers on six Hawaiian Islands. As the public system of higher education in Hawaii, UH offers opportunities as unique and diverse as our island home.

For more information, please click here

Contacts:
Piia Aarma
808-221-2102

Copyright © Adama Materials, Inc.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Leti and Taiwanese Tech Organizations Sponsoring Workshop in Taipei on MEMS, IoT, Smart Lighting Applications, System Reliability & Security September 28th, 2016

Dr Barbara Armbruster promoted to Worldwide Sales and Marketing Director for XEI Scientific September 27th, 2016

Fighting cancer with sticky nanoparticles September 27th, 2016

Gold nanoparticles conjugated quercetin inhibits epithelial-mesenchymal transition, angiogenesis and invasiveness via EGFR/VEGFR-2 mediated pathway in breast cancer September 27th, 2016

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Carbodeon Ltd Oy Closes EUR 1.5 million Funding Round From Straightforward Capital: Carbodeon will accelerate its nanodiamonds business and expand manufacturing capacity August 21st, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

Harris & Harris Group to Host a Shareholder Update Call, Including a Presentation by One of Its Precision Health and Medicine Portfolio Companies, Muses Labs, Inc., on August 23, 2016 August 16th, 2016

NanoLabNL boosts quality of research facilities as Dutch Toekomstfonds invests firmly June 10th, 2016

Materials/Metamaterials

UNAM develops successful nano edible coating which increases life food September 27th, 2016

Crystalline Fault Lines Provide Pathway for Solar Cell Current: New tomographic AFM imaging technique reveals that microstructural defects, generally thought to be detrimental, actually improve conductivity in cadmium telluride solar cells September 26th, 2016

Chains of nanogold – forged with atomic precision September 23rd, 2016

Coffee-infused foam removes lead from contaminated water September 21st, 2016

Announcements

Leti and Taiwanese Tech Organizations Sponsoring Workshop in Taipei on MEMS, IoT, Smart Lighting Applications, System Reliability & Security September 28th, 2016

Oxford Instruments systems now facilitate water purification technology September 27th, 2016

Dr Barbara Armbruster promoted to Worldwide Sales and Marketing Director for XEI Scientific September 27th, 2016

Fighting cancer with sticky nanoparticles September 27th, 2016

Patents/IP/Tech Transfer/Licensing

NIST Patents Single-Photon Detector for Potential Encryption and Sensing Apps September 16th, 2016

For first time, carbon nanotube transistors outperform silicon September 8th, 2016

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Starpharma initiates new DEP™ drug delivery program with AstraZeneca July 27th, 2016

Aerospace/Space

New material to revolutionize water proofing September 12th, 2016

New breed of optical soliton wave discovered September 9th, 2016

Nanodiamonds in an instant: Rice University-led team morphs nanotubes into tougher carbon for spacecraft, satellites September 6th, 2016

Meteorite impact on a nano scale August 29th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic