Nexdot, a Romainville, France-based nanotechnology startup, raised €3.5m in funding.
The company intends to use the funds to double its workforce by the end of December 2017, before expanding to 40 employees by the end of 2019, as well as to purchase new equipment with the aim of launching its new materials on the market by 2018.
Founded in 2010 by Benoît Dubertret and led by Maurice Guillou, president, Nexdot produces atomic sheets or fluorescent nanoplatelets, whose applications include screens, healthcare, augmented reality, infrared detection and LED lighting. The manufacturing process and applications of nanoplatelets are protected by 46 international patents.
The company, which was incubated at ESPCI Paris, has also leased a 275 m2 space for its team of eleven people at Biocitech, the city complex for healthcare and biotechnology companies located at the edge of Paris.