Saudi Aramco constructs $10m NanoMech investment

Apr 18, 2016 • Robert Lavine

The oil and gas company's corporate venturing unit has supplied $10m in series C funding to nanotechnology-equipped industrial product developer NanoMech.

Saudi Aramco Energy Ventures, the corporate venturing arm of oil and gas company Saudi Aramco, has provided $10m in series C funding for US-based nano-engineered materials manufacturer NanoMech.

Founded in 2002, NanoMech utilises nanotechnology to develop products like lubricants, coatings and specialty chemicals for industrial and mechanical use in industries like energy, transportation, aerospace, manufacturing, automotive, agricultural equipment and the military.

Jim Phillips, NanoMech’s chairman and CEO, said: “Building on current momentum, NanoMech will use this financing and relationship to…

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.

Find out more

FUNDING ROUND DATA

Which corporates are backing which startups? Search our corporate deal database.

CVC DIRECTORY

Find details about global CVC units in the CVC Directory

SPECIAL REPORT

Finding a new path: How venture units guide corporations through transformational change

Events

GCV Institute: CVC Investment Programs

Jan 28 -
Jan 29, 2025
Online

Find out more All events

Events

GCV Institute: CVC Investment Programs

Mar 17 -
Mar 18, 2025
Palo Alto, CA (USA)

Find out more All events

Events

GCVI Summit 2025

Mar 18 -
Mar 20, 2025
Monterey, CA (USA)

Find out more All events

Events

GCV Institute: Landing the Value of Corporate Venturing

May 1 -
May 6, 2025
Online

Find out more All events

Events

GCV Symposium 2025

Jun 17 -
Jun 19, 2025
London (UK)

Find out more All events

About us

GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.