Phoenix Venture Partners Leads a $5.2M Series A Financing in NBD Nanotechnologies
NBD Nanotechnologies, Inc. (NBD), a leader in the development of biomimetic inspired functional and durable surface wetting modifications has secured $5.2M in Series A funding to advance its platform technologies and product development. Phoenix Venture Partners (PVP), a leading venture capital firm with domain expertise in advanced material entrepreneurship, led the investment and was joined by Supply Chain Ventures and previous angels. Proceeds of the funds will be used to advance NBD’s product development of its propriety surface modifying coatings and additives in various industrial and consumer markets. Example applications for its platform technologies include but are not limited to: coatings for industrial steam condensers; electronic devices; industrial protective paints & fog harvesting.
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