actnano, Inc. Announces $40 Million Investment
MALDEN, MA – actnano, Inc., a global leader in surface protection technologies for automotive, consumer, and industrial electronics, announced today the closing of a $40 million investment by Anthelion Capital.
actnano’s innovative solutions are trusted globally by leading electronics OEMs and Tier-1 suppliers to provide advanced protection from water and harsh environmental conditions. The company will use the proceeds to continue expanding its technical sales and services footprint as well as to increase production volumes and efficiencies to meet the global demand for their product.
“Our technology outperforms all other electronics protection available in the industry today,” said Taymur Ahmad, CEO of actnano. “Demand for our products has increased significantly because our coatings are safe, non-toxic, and environmentally friendly, and their performance surpasses that of traditional, outdated conformal coatings historically used for electronics protection.”
“It is rare to find a company that has developed technologies which are truly better performing, cost- saving, and more environmentally sustainable compared to top market alternatives,” said Vusal Najafov, Co-Founder, Anthelion Capital. “actnano is a leading innovator in the space, with its customer-driven product development driving rapid scaling within core customers and adoption across multiple new applications and industries such as sustainable energy.”
Anthelion Capital is an investment and data science platform which provides flexible capital solutions to environmentally sustainable companies, seeking cutting-edge solutions that positively impact the environment. Anthelion believes that promoting sustainability, reducing waste, and conserving resources are key steps toward achieving a cleaner environment for future generations.
Previous rounds have included investments from BMW i Ventures, Porsche Ventures, HELLA Ventures, TDK Ventures, Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ireon Ventures, and Material Impact.
