Nanotechnology Now - Press Release: "Nanostart Asia Pacific: further expansion"

Home > Press > Nanostart Asia Pacific: further expansion

Abstract:

- Additional fundraising of up to 4 million SGD
- Advisory board with renowned experts
- New investment under preparation

Nanostart Asia Pacific: further expansion

Frankfurt, Germany and Singapore | Posted on September 12th, 2012

Nanostart Asia Pacific is preparing an additional fundraising of up to 4 million SGD for its further expansion. A large part of the amount has already been committed. As in the previous funding in February 2012, the money comes from the existing shareholders and new investors based in the region. It shall be used for follow up funding the existing portfolio. Furthermore Nanostart Asia Pacific is already working on new investment opportunities.

In addition the company has formed an advisory board with renowned experts in order to support the further development of the company. The board will initially comprise of Harry De Wit, President Asia with Covidien, Prof. Dr. Uwe Klima, Head of Cardiosurgery at the American Hospital Dubai, Günter Mayer, Senior Manager with Infineon, Jürgen Binzer, Entrepreneur and Vice President with Hollingsworth & Vose in Germany and Chua Hong Moh, Entrepreneur from Singapore. The advisors will support the company's further development and its expansion in Asia by providing their expertise as well as their broad network.

The announcement is made during the event "Investing in Singapore Nanotechnology" at Singapore Polytechnic, where Nanostart Asia Pacific and Singapore Polytechnic jointly feature their activities in the nano- and high-tech space to the investment and business community.

####

About Nanostart AG
Nanostart AG headquartered in the German financial capital of Frankfurt, is a leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. As main shareholder of Nanostart Asia Pacific Ptd Ltd, Nanostart invests as partner of the Singapore government.

About Nanostart Asia Pacific:

Nanostart Asia Pacific Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia. As a venture capital investment company, Nanostart Asia Pacific invests in young, up-and-coming nanotechnology companies which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via Nanostart Singapore Early-Stage Venture Fund I Pte Ltd. It is a subsidiary of Nanostart AG. Other shareholders of Nanostart Asia Pacific besides Nanostart AG are a number of strategic venture capital investors out of Asia, who with their network and experience are set to facilitate Nanostart's expansion in Asia, and the company’s management. For more information about Nanostart Asia Pacific, please visit: www.nanostart-asia-pacific.com

Disclaimer:

This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within Canada, Australia or Japan.

For more information, please click here

Contacts:
Nanostart AG
Dr. Hans Joachim Duerr
Head of Corporate Communications
Goethestrasse 26-28
60313 Frankfurt, Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 150

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: