MIT spinout Nano-C has received a final $3m tranche from angel investor Ray State, closing its latest round at $11.5m.
Nano-C, a US-based developer of nanostructured carbon spun out from Massachusetts Institute of Technology, closed an $11.5m funding round on Wednesday after obtaining a $3m final tranche from angel investor Ray Stata.
The spinout has not revealed the identity of the other investors or disclosed when it achieved the first close.
Founded in 2001, Nano-C is developing nanostructured carbon – materials such as nanotubes, spherical forms called fullerenes and their chemical derivatives – for energy and electronics applications.
The spinout…
