Metal-organic framework developer Numat Technologies has raised $12.4m in funding from investors including Patagonia subsidiary Tin Shed Ventures.
Numat Technologies, a US-based nanoporous materials developer spun out from Northwestern University, closed a $12.4m funding round yesterday featuring Tin Shed Ventures, the corporate venturing arm of clothing retailer Patagonia.
The round was led by venture capital fund OS Fund and also featured spinout-focused investment firm Osage University Partners and unnamed, existing shareholders.
Founded in 2012, Numat produces atomically-engineered materials known as metal-organic frameworks (MOFs). Their porosity can be precisely adjusted, making it possible for the products to interact with…
