C3Nano Raises US$6.7M in Series B Financing

C3Nano, Inc., a Hayward, California startup developing a nanomaterials-based transparent conductive film, has raised US$6.7m in Series B financing.

The round was led by Phoenix Venture Partners, with participation from existing investor, GSR Ventures.

To date, C3Nano has raised in excess of US $10m.

The company intends to use the funding to expand its engineering capability, complete its ink product, and scale to production.

Founded in January 2010 and led by CEO Cliff Morris, C3Nano is developing a new transparent electrode material for applications including flexible displays, touch screens, solar cells and smart windows. It is based on research and technology developed by Dr. Melbs LeMieux, Director of Materials and Process Engineering, and Dr. Ajay Virkar, Director of Research and Development, with Prof. Zhenan Bao, a member of C3Nano’s Board, at Stanford University.

In conjunction with the financing, Dr. Nobi Kambe of Phoenix Venture Partners will join the company’s Board of Directors.



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