Brisbane Materials, a Brisbane, Australia-based specialty materials company, has closed its AUD$5m Series A funding.
The round was led by Southern Cross Venture Partners (SXVP), with participation from New Venture Partners LLC (NVP).
The company intends to use the capital to scale up R&D and manufacturing operations at its headquarters in Brisbane, Queensland, while expanding sales and marketing efforts around the world.
Formed in March 2011 by CEO Dr. Gary H. Wiseman, Brisbane Materials focuses on creating innovative materials solutions for solar and other applications. The company has patented technology for creating high performance, wide-area coatings of porous silica and other materials, made at room temperature and atmospheric pressure. Brisbane Materials recently formed a strategic partnership with EV Group, a supplier of turnkey manufacturing systems for the solar, display, electronics, and other markets to provide a solution for high-yield fabrication of anti-reflective coatings with industry-leading performance and cost.