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Nanocomp Technologies Secures $7.6M

2012-01-06
CONCORD, NH, Developer of carbon nanotubes, has raised $7.6 million in a round of venture capital, according to a new filing by the company with the SEC.
Nanocomp Technologies, a developer of carbon nanotubes, has raised $7.6 million in a round of venture capital, according to a new filing by the company with the Securities and Exchange Commission. 38 separate investors participated in the offering.

Nanocomp Technologies Inc (NCTI), based in Concord, NH, was formed in 2004 as a spin-out of Synergy Innovations, Inc., a technology development company. NCTI's vision is to leverage its proprietary and fundamental advancements in the production of long carbon nanotubes together with a unique ability to fabricate them into physically strong, lightweight, electrically and thermally conductive spun yarns and sheets. The company's goal is to create products with revolutionary performance benefits, creating a new generation of electro-energy and thermal management devices, and advanced structural materials. Carbon nanotubes are the foundation for accomplishing this goal.
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