actnano Raises $21.75M in Series B Funding


actnano, Inc., a Cambridge, Mass.-based global leader in surface protection technologies for automotive and consumer electronics, closed a $21.75m Series B financing.

The round was led by BMW i Ventures with participation from new investors HELLA Ventures and TDK Ventures and Series A investors Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ireon Ventures and Material Impact.

The company will use the new funds to expand its global sales and technical teams, as well as ramp up production to meet the significant increase in demand for their product.

Led by Taymur Ahmad, CEO, actnano specializes in water and environmental resistant nanocoating technologies. The company’s surface protection solutions are used by global automotive and consumer electronics OEMs and Tier-1 suppliers. Its nanoGUARD technologies are currently protecting electronics on over 2 million production vehicles, including 80% of EVs in North America, as well as many of the world’s leading consumer devices.