BOSTON–(Business Wire)–Protective nanocoating company actnano today announced that it has raised $12M in a Series A funding round. Emerald Technology Ventures led the round and was joined by Material Impact, as well as Henkel Tech Ventures, GC Ventures America (PTT Global Chemical) and Ireon Ventures (Hellas Oil).
actnano is setting a new standard for electronics protection with its commercialized water and environmental resistant coating technology, Advanced nanoGuard™ (ANG). The company’s wet ANG coatings can be applied directly on connectors, antennas, LEDs and high heat generating components, allowing electronic manufacturers to comprehensively safeguard their devices for the first time. With a scalable, turnkey solution that seamlessly integrates into existing manufacturing lines, actnano is positioned to expand its global footprint with leading automotive and consumer electronics manufacturers. Today the company counts global automotive, electronic vehicle and consumer electronics OEMs and Tier-1 suppliers as customers, with its ANG technology already integrated into production