C3Nano, an innovator of nanowire-based technologies for transparent conductors, completed a $35 million growth capital financing, comprised of equity and debt. The equity financing was led by Element Solutions, a specialty chemicals company. New debt financing was provided by insured technology financing pioneer, PIUS Limited.
“This financing is a significant milestone for C3Nano, adding capital, resources and a new strategic partner to accelerate and enable our efforts to commercialize our industry-leading nanowire technologies for 2023 and beyond,” Cliff Morris, president and CEO of C3Nano, said.
The growth capital will enable C3Nano to expand its Hayward, CA-based silver nanowire synthesis and production capacity, as well as add resources to accelerate its efforts to innovate and commercialize its nanowire-based technologies.
“C3Nano has built an exceptional electronic materials platform underpinned by proven, ground-breaking technologies, based on PIUS’ initial and re-evaluation of its intellectual property,” Joe Agiato, founder and CEO of PIUS, said. “We are excited to continue our partnership as a capital solution provider that positions C3Nano to continue its significant growth in the years ahead.”
This capital raise follows others from strategic investors such as Nitto Denko, Hitachi Chemical, Lens Technology and Nissha. The investment will enable C3Nano to continue driving growth amid increasing adoption of silver nanowire-based technologies in consumer electronics, automotive applications, life sciences and cleantech.