Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

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

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

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

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

Oxford Nanoimaging to provide desktop super-resolution microscopes May 10th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Philadelphia Mathematician Robert Clark Turns to Crowdfunding to Support Nanotechnology Research That Could Lead to ‘Flying’ Cars and Space Elevator April 4th, 2016

Materials/Metamaterials

Coexistence of superconductivity and charge density waves observed June 23rd, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Tailored DNA shifts electrons into the 'fast lane': DNA nanowire improved by altering sequences June 22nd, 2016

Announcements

Nanotechnology and math deliver two-in-one punch for cancer therapy resistance June 24th, 2016

Researchers discover new chemical sensing technique: Technique allows sharper detail -- and more information -- with near infrared light June 24th, 2016

GraphExeter illuminates bright new future for flexible lighting devices June 23rd, 2016

Soft decoupling of organic molecules on metal June 23rd, 2016

Patents/IP/Tech Transfer/Licensing

New 'ukidama' nanoparticle structure revealed June 14th, 2016

Rice wins award to recruit cancer researcher: $2 million CPRIT grant aims to bring MIT researcher Omid Veiseh to Houston June 7th, 2016

Nanobiotix receives US$1m milestone payment from PharmaEngine: First patient injected with NBTXR3 in soft tissue sarcoma registration phase in Asia May 31st, 2016

Programmable materials find strength in molecular repetition May 23rd, 2016

Aerospace/Space

Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016

Quantum satellite device tests technology for global quantum network: Singapore-built satellite makes and measures light particles pair by pair June 3rd, 2016

Deep Space Industries and SFL selected to provide satellites for HawkEye 360’s Pathfinder mission: The privately-funded space-based global wireless signal monitoring system will be developed by Deep Space Industries and UTIAS Space Flight Laboratory May 26th, 2016

Rice de-icer gains anti-icing properties: Dual-function, graphene-based material good for aircraft, extreme environments May 23rd, 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