Long-time display technology startup C3Nano Inc. (Hayward, Calif.) has raised $35 million in growth capital as a mix of equity and debt.
The company, founded in 2010 as a spinout from Stanford University, has been developing replacement materials for indium tin oxide. The equity financing was led by Element Solutions Inc., a supplier of specialty chemicals company. The debt financing was provided Pius Limited LLC.
“This financing is a significant milestone for C3Nano, adding capital, resources, and a new strategic partner to accelerate and enable our efforts to commercialize our industry-leading nanowire technologies for 2023 and beyond,” said Cliff Morris, CEO of C3Nano, in a statement.
The growth capital will enable C3Nano to expand its Hayward, California-based silver nanowire synthesis and production capacity, as well as add resources to accelerate its efforts to innovate and commercialize its nanowire-based technologies.
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