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Battery Startup Nanograf Raises $65 Million Series B To Scale North American Production Of Silicon Anode Products

RECENTLY ACQUIREDFeb 14, 2023

Amount Raised

$65 Million

Round Type

Series B

ChicagoManufacturingEnergyRenewable Energy

Description

NanoGraf, an advanced battery materials company and enabler of the world’s most energy-dense lithium-ion 18650 cell, today announced that it has raised $65 million in an oversubscribed Series B funding round.

Quick answer

NanoGraf raised $65 Million in a Series B round, dated February 14, 2023. NanoGraf is based in Chicago, Illinois, United States.

How much did NanoGraf raise?
NanoGraf raised $65 Million in a Series B round on February 14, 2023.
What does NanoGraf do?
The U.S. battery supply chain issues brought on by unprecedented market demand is prevalent now more than ever, and NanoGraf is committed to onshoring key strategic components of the battery supply chain, aligned with..
Where is NanoGraf based and how big is it?
NanoGraf is based in Chicago, Illinois, United States. Fundz records about 31 employees.
Who are the decision-makers at NanoGraf?
Fundz holds 1 contact at NanoGraf, including the Chief Operating Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as NanoGraf that raised within 45 days of this round, from Fundz verified event records.

  • 3E Nano raised $4M (Seed) on March 28, 2023.
  • Pure Lithium Corp raised $5.9M on March 27, 2023.
  • pH7 Technologies raised an undisclosed amount (Funding Round) on March 27, 2023.
  • Phytonics raised an undisclosed amount (Series A) on March 16, 2023.
  • ViridiCO2 raised $3.9M (Seed) on March 7, 2023.
  • Black Hills Corporation raised $350M (Debt Financing) on March 2, 2023.

Who to call at NanoGraf, and when

A new round usually means NanoGraf is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day NanoGraf raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at NanoGraf, from your own LinkedIn network

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Company Information

Company

NanoGraf

Location

Chicago, Illinois, United States

About

The U.S. battery supply chain issues brought on by unprecedented market demand is prevalent now more than ever, and NanoGraf is committed to onshoring key strategic components of the battery supply chain, aligned with President Biden’s Inflation Reduction Act for clean energy and infrastructure projects. NanoGraf is an advanced battery material company whose patented silicon-anode technology enables longer-lasting, higher-energy, and higher-power lithium-ion batteries. NanoGraf is a spinout of Northwestern University and Argonne National Laboratory.

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Related People

1 contact
Verified contactsConnor H., Chief Operating OfficerSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

NanoGraf raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.