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actnano, Inc. raised $40 million in a funding round led by Anthelion Capital to expand technical sales and services footprint, and to increase production volumes and efficiencies.

Apr 02, 2024over 1 year ago

Amount Raised

$40 Million

CambridgeManufacturingCommerce and ShoppingHardwareConsumer Electronics

Investors

Anthelion Capital

Description

actnano, Inc. announced the closing of a $40 million investment by Anthelion Capital. The company plans to use the proceeds to expand its technical sales and services footprint and increase production volumes and efficiencies to meet the global demand for their product.

Company Information

Company

Actnano

Location

85 BOLTON STREET

Cambridge, Massachusetts, United States

About

actnano is setting a new standard for electronics protection with its commercialized water and environmental resistant nanocoating technology, Advanced nanoGUARDTM. The company's surface protection technologies can be applied directly on connectors, antennas, LEDs and high heat generating components, allowing electronics 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 is a trusted partner to global automotive and consumer electronics OEMs and Tier-1 suppliers as customers and investors. ANG technology is already integrated into production vehicles and the world's leading consumer devices.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech