NanoTech, Inc., a Houston, TX-based material science company focused on fire-proofing and insulation technologies, closed a $5m seed round of financing.
The round was led by Ecliptic Capital, which also resulted in the conversion of a SAFE (simple agreement for future equity) previously issued to Houston based cleantech accelerator Halliburton Labs.
The company intends to use the funds to scale the business.
Led by Chief Executive Officer Mike Francis, NanoTech is a material science company focused on fireproofing and insulation technologies. They can fireproof with their existing coating systems or be used as an additive into traditional building materials across most industries including: commercial construction, chemical plants, oil and gas, aviation, utilities and much more.