NuMat Technologies, a Skokie, IL-based creator of intelligently engineered systems integrating programmable nanomaterials, closed $12.4m financing round.
The round was led by OS Fund, with participation from Osage University Partners, Tin Shed Ventures (Patagonia’s strategic investment arm), and other existing investors.
The company intends to use the funds to expand the global reach of its molecularly engineered products platform to Europe, East Asia and beyond.
Led by Benjamin Hernandez, co-founder and CEO, NuMat commercializes products enabled by metal-organic frameworks (MOFs), an innovative class of nanomaterials. The company designs and integrates MOFs into next-generation storage, separation and purification systems.
The funding follows several recent company milestones, including the commissioning of: an ISO9001 certified production line, located in Skokie, Illinois, dedicated to the assembly of MOF-enabled storage, separation and purification systems for global export; and an ION-X® gas fill plant in Sihwa, South Korea, in partnership with Versum, a global leader in the specialty chemicals industry.