actnano: Raises $12M in Series A Funding

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.
  • actnano, a Boston, MA-based provider of protective nanocoatings for Automotive & Consumer Electronics, raised $12M in Series A funding round
  • The round was led by Emerald Technology Ventures, joined by Material Impact, as well as Henkel Tech Ventures, GC Ventures America and Ireon Ventures
  • Then company intends to use the funds to expand its automotive customer base with OEMs in Germany, Japan and Korea
  • Led by Taymur Ahmad, CEO, actnano enables electronics protection with its commercialized water and environmental resistant coating technology
  • The company’s wet ANG coatings can applied directly on connectors, antennas, LEDs and high heat generating components
  • The company counts global automotive, electronic vehicle and consumer electronics OEMs and Tier-1 suppliers as customers
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