Nanosys Ups E Round to $31M

10/26/10

Palo Alto, CA-based Nanosys, which said in August that it had raised $25 million in Series E financing from new investor Samsung Venture Investment Corporation and existing investors Arch Venture Partners, El Dorado Ventures, Polaris Venture Capital, and Venrock, announced a “second and final close” of the round today at $31 million. No additional investors were named. The company said it will use the funding to scale up manufacturing of its products for improving the color output of LED displays and the capacity of lithium-ion batteries.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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