NanoTech, Inc., a Houston, TX-based material science company, raised a seed funding round of undisclosed amount.
A mix of 3 institutional, 2 corporate-strategic, and 7 family office investors joined initial investor Ecliptic Capital.
The company intends to use the funds to bolster its nationwide network of installers and distributors for immediate delivery across all 50 states.
Led by Mike Francis, CEO, Nanotech is pioneering a new category of climate-resilient materials that enable environmental responsibility. Its flagship product, the Nano Shield Cool Roof Coat™, leverages heat resistant technology to cut the energy HVAC systems demand for commercial space cooling. From always-on data centers to sprawling warehouses, the solution has widespread impact.
The Nano Shield Cool Roof Coat™ builds upon the superficial solar ray reflection of traditional white coatings and paint with the company’s industry breakthrough innovation that virtually eliminates heat penetration via the roof. In some applications, customers have seen a staggering drop up to 40°F – inside the building. The company and its partner community are confident this investment will help them coat as many roofs as possible before temperatures soar even higher.
FinSMEs
31/07/2023