Nanosys Inc, based out of Milpitas, California, the United States recently announced that they have raised an amount of over $50 million in B series funding of equity and debt financing. The initial conclusion of this round mainly includes new investors funds usually managed by the affiliates of Fortress Investment Group, Centerbridge Partners and Kilonova Capital.
This recent B series funding finance round is Nanosys’ largest round to this date. This series B funding will support the continuation of the expansion of QDEF and xQDEF quantum dot tech for LCDs, which will also drive the commercialisation of the Nanosys microLED platform as well as research and development of next-generation nano-LEDs.
“This is a major milestone for Nanosys, adding capital and resources needed to enable us to expand our development of industry-leading innovative technologies, including quantum dots, micro-LEDs and nano-LEDs, which will be rapid growth drivers for 2023 and beyond,” said Jason Hartlove, president and CEO of Nanosys. “We are pleased to partner with Fortress, Centerbridge and Kilonova. The commitment from these respected institutions provides strong validation of our business model, team, intellectual property and market opportunity.”
“Nanosys has built an exceptional business powered by proven, innovative technologies protected by strong intellectual property,” said James Palmer, managing director of the IP Finance Group at Fortress. “We are excited to provide a capital solution that positions Nanosys for significant growth in the years ahead.”
“Jason and the Nanosys team are poised to drive excellent performance and exciting innovation in the display industry,” said Shanshan Cao, senior managing director at Centerbridge. “We look forward to our partnership and supporting the Company in the next stage of its growth.”
Wes Goldstein, a founder and partner at Kilonova Capital added, “We have developed significant conviction that quantum dot enabled LCD displays will experience strong growth over the next several years and look forward to partnering with Nanosys.”
