Nanoptek Corporation Obtains $4,700,000 Series A Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2d285ac8-8704-4258-ac03-8b01b7de2b14&Preview=1 -
Date
1/16/2008 -
Company Name
Nanoptek Corporation -
Mailing Address
8 Clock Tower Place Maynard, MA 01754 -
Company Description
Nanoptek Corporation is developing technology that produces
hydrogen directly from sunlight and water with a proprietary
nano-engineered photocatalyst (patents pending).Nanoptek’s Solar Hydrogen Generators will employ this
photocatalyst to produce low-cost carbon-free hydrogen
anywhere in the world, for use in clean power production, manufacturing, and transportation. -
Website
http://www.nanoptek.com -
Transaction Type
Venture Equity -
Transaction Amount
$4,700,000 -
Transaction Round
Series A -
Proceeds Purposes
With this investment, Nanoptek expects to complete the development of its field-deployable Solar Hydrogen Generator, develop pilot manufacturing capability, and install the first pilot plant for producing carbon-free hydrogen. -
M&A Terms
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Venture Investor
Quercus Trust -
Venture Investor
Undisclosed
