Press Releases

November 30, 2021

actnano Inc. Announces Oversubscribed $21.75 Million Series B Funding

BMW i Ventures backed by BMW Group leads the round

CAMBRIDGE, Mass., November 30, 2021 (Business Wire) – actnano, Inc., a global leader in surface protection technologies for automotive and consumer electronics, announced today the close of an oversubscribed $21.75 million Series B financing led by BMW i Ventures. Additional new investors include HELLA Ventures and TDK Ventures. All Series A investors, including Emerald Technology Ventures, GC Ventures America, Henkel Tech Ventures, Ireon Ventures and Material Impact, also participated in the round.

actnano specializes in water and environmental resistant nanocoating technologies. The company’s innovative surface protection solutions are trusted by global automotive and consumer electronics OEMs and Tier-1 suppliers. actnano’s nanoGUARD technologies are currently protecting electronics on over 2 million production vehicles, including 80% of EVs in North America, as well as many of the world’s leading consumer devices. actnano will use the new funds to expand its global sales and technical teams, as well as ramp up production to meet the significant increase in demand for their product.  

“Our technology surpasses all other electronics protection available in the industry today,” said Taymur Ahmad, CEO of actnano. “The strong automotive backing shown in this investment round confirms our belief that basic vehicle safety protections should not be overlooked. For ADAS and AV systems to operate without failure, they need 100% protection from salt, condensation, and humidity to protect the numerous sensors and processors that run them. actnano can provide that protection.”

Lead investor, BMW i Ventures, successfully invests in cutting-edge solutions with the potential to impact BMW Group’s current and future business. Their current investment portfolio includes a variety of high-tech mobility companies, with actnano standing out as the sole automotive electronics protection technology provider.

“The proliferation of electronics in the car, especially with the broader industry push toward autonomous driving and electrification, will necessitate greater protection of mission-critical electronic components in the vehicle,” said Kasper Sage, Managing Partner at BMW i Ventures. “actnano’s nanocoatings have proven to be superior in performance and bring distinct cost-advantages compared to traditional alternatives, making it a game-changer to secure generations of vehicles to come.”

HELLA Ventures is a multi-stage fund focused on mobility, deep tech, and industrial manufacturing investments. As a leading Tier I supplier of electronic components and systems to the automotive industry, HELLA is uniquely positioned to partner with actnano in developing new applications of its nanocoating technology for other additional automotive products.

“actnano is exactly the kind of company we look for when we evaluate potential partners to become part of our portfolio of advanced mobility technology companies. Not only have they developed a groundbreaking technology, but they were able to commercialize it with some of the largest automotive and consumer electronics players,” said Marco Marinucci, head of HELLA Ventures. “We have been particularly impressed with the management team’s manufacturing experience, relentless execution, and vision for the future.”

TDK Ventures, a subsidiary of Japanese electronics manufacturer TDK Corporation, is partnering with actnano to leverage its experience in electronics components and systems in support of actnano’s ground-breaking work across the fields of automotive, consumer electronics, and industrial systems.

“actnano has developed an innovative coating technology that has shown rapid adoption across automotive and consumer electronics markets, and can protect a wide variety of electronics components, devices, and systems. actnano’s coatings are safe, non-toxic, and environmentally friendly while offering higher performance than incumbents’ solutions in protecting against harsh environmental conditions,” said Andrew Maywah, Investment Director at TDK Ventures. “TDK Ventures is excited to invest in actnano and partner with them to accelerate market adoption and open up new opportunities globally.”

Electronics continue to become increasingly sophisticated, constantly integrating new and complex capabilities and advancing connectivity technology. actnano is well-positioned to protect a variety of consumer electronics, in addition to the critical automotive electronic components that help ensure the safety of passengers and their families. 

About actnano, Inc.

actnano is setting a new standard for electronics protection with its commercialized water and environmental resistant nanocoating technology, Advanced nanoGUARD™. The company’s surface protection technologies can be applied directly on connectors, antennas, LEDs, and high heat generating components, allowing electronics manufacturers to comprehensively safeguard their devices for the first time. With a scalable, turnkey solution that seamlessly integrates into existing manufacturing lines, actnano is positioned to expand its global footprint with leading automotive and consumer electronics manufacturers. Today the company is a trusted partner to global automotive and consumer electronics OEMs and Tier-1 suppliers as customers and investors. ANG technology is already integrated into production vehicles and the world’s leading consumer devices. For more information, please visit www.actnano.com.

About BMW i Ventures

BMW i Ventures is BMW’s venture capital firm, investing money and resources in startups in the fields of Transportation, Manufacturing, Supply Chain and Sustainability. The firm has made many successful investments over the years in companies such as CelLink, Chargepoint, Urgent.ly, Proterra, PureCycle, Solid Power, Tekion, Turntide, Xometry and many more. BMW i Ventures invests in all stages from seed to growth with a focus on Series A/B.

About HELLA Ventures

Founded in 2015, HELLA Ventures is multi-stage venture capital fund focused on mobility, deep tech, and industrial manufacturing investments. In addition to our own automotive expertise, we leverage our connection with Tier 1 global auto supplier HELLA as an industrialization and/or channel partner into the automotive industry to maximize our portfolio companies’ success. For more information, please visit www.hellaventures.com

About TDK Ventures

TDK Ventures Inc. invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company’s vision is to propel the digital and energy transformations of segments such as health and wellness, next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates. Interested startups or investment partners may contact TDK Ventures: www.tdk-ventures.com or contact@tdk-ventures.com.

 

August 3, 2021

actnano Introduces Titan Series Advanced NanoGuard

Revolutionary new coating can help improve safety in electric and autonomous vehicles

BOSTON – August 3, 2021 – actnano, Inc., a global leader in protective nanocoatings for automotive and consumer electronics, has introduced Titan, a revolutionary new coating unlike any other electronics protection available in the industry today.

“Titan is a quantum leap ahead of our previous coatings and in our assessment, outperforms everything in the market,” said actnano CEO, Taymur Ahmad. “Our OEM and Tier I/II customers are embracing this exciting new technology. They are reaping the benefits of our simplified manufacturing process, improved product performance and reduced overall costs.”

Titan provides maximum protection for automotive electronics when exposed to harsh environmental conditions including water, condensation, salt and humidity while maintaining stability over a wide range of operating temperatures. This is a critical safety concern as advanced driver assistance systems (ADAS) become increasingly prevalent on vehicles and the industry continues to advance toward full autonomy.

“What makes Titan unique is that it protects 100% of the electronics and allows tunnel-through electrical conductivity at connection points after application. And unlike traditional conformal coatings, it can be applied to connectors and antennas, as well as underneath large components/processors,” explained Jeremy Garbacik, Vice President of Global Sales. “This saves valuable time and reduces costs for our customers, because it eliminates the extra steps required for masking and the need for keep-out areas.” 

Additionally, the multiple environmental benefits of Titan are important to note.  Produced with sustainable materials, Titan doesn’t contain any harmful fluorine or halogen compounds which are typically found in automotive coatings. 

“We created actnano with a mission to improve overall safety and save lives,” Ahmad continued. “The health and safety of our customers when applying the coating is equally as important to us as improving the safety of vehicles around the world.”

“You can’t develop tomorrow’s vehicles using yesterday’s technology,” he said.

 

July 6, 2021

actnano Announces New Global Headquarters with State-of-the-Art Laboratory

BOSTON – July 6, 2021 – actnano, Inc., a global leader in protective nanocoatings for automotive and consumer electronics, is pleased to announce the opening of their new global headquarters and state-of-the-art laboratory in Cambridge, Massachusetts. 

actnano has experienced a tremendous uptick in customer demand over the past several years, nearly doubling in annual revenue in the last year alone. The new location is essential to accommodate the company’s increase in staff and customer growth.

“Our new location expands our footprint tenfold and features an extensive array of development and testing equipment,” said Jim Sheridan, Chief Operating Officer.  “Our new testing capabilities allow us to focus on helping our customers improve the safety and reliability of their products.”

actnano’s proprietary waterproofing technology, Advanced nanoGUARD, provides advanced protection for electronics found in many automobiles and consumer devices. 

“In 2020, nanoGUARD protected electronics in over 1.2 million vehicles,” said CEO, Taymur Ahmad. “To keep people safe on the road, it is imperative that we continue to evolve and take our innovative technology to the next level. Providing our in-house team of experts with additional cutting-edge laboratory equipment will enable us to do just that.”

 

April 13, 2021

actnano Announces 1.2 Million Cars Protected With Its Leading Protective Solution for Autonomous Vehicles

Boston-Based Company Just Getting Started in Mission to Safeguard all AVs 

BOSTON–(BUSINESS WIRE)–actnano, the global leader in protective nanocoatings for automotive and consumer electronics, announced today the achievement of a significant milestone in the company’s mission to safeguard autonomous vehicles (AVs). In 2020, actnano’s protective coating, nanoGUARD ™, protected 1.2 million production vehicles, in addition to a few hundred autonomous vehicles on the road today.

“Achieving the milestone of 1.2 million cars is notable, but we are just getting started,” said Taymur Ahmad, CEO of actnano. “By 2030, most estimates expect at least 15 million autonomous vehicles to be sold annually. We are only at the starting line of the journey towards safe autonomous vehicles and each one of those vehicles will need to protect the electronics inside them just as they need to include other safety features to protect the families inside.”

Autonomous driving systems today mostly refer to advanced driver-assistance systems (ADAS)—including emergency braking, backup cameras, adaptive cruise control, and self-parking systems. Within those systems, there are more than 100 circuit boards with critical electronic components.

“All of those systems are critical to the safety of the individuals in a car. Unprotected, these electronic components are susceptible to failure related to humidity, water, and other natural environmental occurrences,” said Ahmad. “To us, and hopefully to our customers, protecting these electronics is as important as wearing a seat belt.”

ADAS and AVs require 100% condensation protection to safeguard the electronics against corrosion, failure and high speed data signal disturbances, which are critical in the operation of these advanced vehicles. nanoGUARD is a commercialized water and environmental resistant coating technology, which can be applied directly on connectors, antennas, LEDs and high heat generating components. It is the only comprehensive coating solution to allow electronic manufacturers and automotive OEMs to confidently safeguard their devices.

actnano is a Boston-based startup that has commercialized nanoGUARD. Since its inception, actnano’s revolutionary gel-based waterproofing solution has been adopted by the world’s leading automotive and consumer electronics brands. For more information on actnano, visit www.actnano.com.

 About actnano:

actnano is setting a new standard for electronics protection with its commercialized water and environmental resistant nanocoating technology, Advanced nanoGuard™ (ANG). The company’s wet ANG coatings can be applied directly on connectors, antennas, LEDs and high heat generating components, allowing electronic manufacturers to comprehensively safeguard their devices for the first time. With a scalable, turnkey solution that seamlessly integrates into existing manufacturing lines, actnano is positioned to expand its global footprint with leading automotive and consumer electronics manufacturers. Today the company is a trusted partner to global automotive and consumer electronics OEMs and Tier-1 suppliers as customers, with its ANG technology already integrated into production vehicles and the world’s leading smartphones. For more information, please visit www.actnano.com.

 

October 13, 2020

actnano, the Global Leader in Protective Nanocoatings for Automotive & Consumer Electronics, Raises an Oversubscribed $12M Series A Round

 The Boston (USA) based startup that originated in Iowa has commercialized Advanced nanoGuard™, a thin-film coating that protects electronics from water damage and harsh environmental conditions. Since its inception, actnano’s revolutionary gel-based waterproofing solution has been adopted by the world’s leading automotive and consumer electronics brands.

Boston, MA, October 13, 2020 – Protective nanocoating company actnano today announced that it has raised $12M in a Series A funding round. Emerald Technology Ventures led the round and was joined by Material Impact, as well as Henkel Tech VenturesGC Ventures America (PTT Global Chemical) and Ireon Ventures (Hellas Oil). 

 actnano is setting a new standard for electronics protection with its commercialized water and environmental resistant coating technology, Advanced nanoGuard™ (ANG). The company’s wet ANG coatings can be applied directly on connectors, antennas, LEDs and high heat generating components, allowing electronic manufacturers to comprehensively safeguard their devices for the first time. With a scalable, turnkey solution that seamlessly integrates into existing manufacturing lines, actnano is positioned to expand its global footprint with leading automotive and consumer electronics manufacturers. Today the company counts global automotive, electronic vehicle and consumer electronics OEMs and Tier-1 suppliers as customers, with its ANG technology already integrated into production vehicles and the world’s leading smartphones.

 “These days, electronics run the car. We make sure the electronics keep running even after the coffee spills,” said Taymur Ahmad, CEO of actnano. “When automotive electronics like autopilot systems interact with water or other environmental aggressors, the consequences can be dire. We’ve seen little to no innovation in the protective coating category in decades, and with the recent explosion of self-driving and technology-laden vehicles, a better solution was needed. actnano responded, creating a hydrophobic, electrically insulating coating that allows electrical connection through the coating. Since connections have historically had to remain uncoated and thus vulnerable to water damage, this innovation is an industry gamechanger. We are thrilled to add such an impressive investor syndicate to the actnano family. Their collective expertise and experience will be pivotal as we usher actnano in its next phase of growth.”

 The funding round comes at a crucial time for the company, as they expand their automotive customer base with OEMs in Germany, Japan and Korea. Emerald Technology Ventures, a leader in industrial technology investments, is well positioned to help the actnano team accelerate its market adoption.

 “The actnano team has demonstrated rapid technology adoption in notoriously challenging automotive and consumer electronics markets. The combination of their technical performance and strong value proposition are already driving expanding adoption by both OEMs across platforms and Tier-1 customers across applications,” said Neil Cameron, who will join the actnano board from Emerald. “We look forward to working with actnano, our syndicate partners and our Limited Partners to accelerate market adoption of their innovative coatings,” added Gina Domanig, Managing Partner of Emerald.

 In addition to its cost and efficiency gains, actnano’s technology is human-safe, non-toxic and environmentally sustainable. This is a major departure from existing coating technologies, many of which rely on toxic materials, can pose serious health consequences for workers and are expensive to deploy. Material Impact sees the investment in actnano as core to its thesis of investing in world-changing products enabled by material science innovations.

 “As electrification continues to expand into every industry, the need to protect the underlying and enabling circuitry becomes critical,” said Adam Sharkawy, Co-founder and Managing Partner at Material Impact. “We believe the fluid, self-healing coatings developed by actnano are well positioned to address that fast-growing need.”

 As an expert in functional coatings for their Adhesive Technologies business, Henkel Tech Ventures understood the major gap that existed in the waterproof coatings market, and how transformative actnano’s technology could be for Henkel’s global customer network.

“As part of our venturing activities we are looking for novel and scalable formulated technologies providing unique benefits for growing markets”, explains Paolo Bavaj, Head of Corporate Venturing, Adhesive Technologies. “Functional coatings are a major focus topic for our Adhesive Technologies business. We are excited to work with actnano who has developed a conformal coating technology that protects entire printed circuit board systems, responding to the fast-growing demands especially in automotive electronics and consumer electronics. The technology has already proven its marketability and is commercially available. Together we aim to unlock new opportunities across Henkel´s extensive customer base in these markets globally.”

 About actnano:

actnano is setting a new standard for electronics protection with its commercialized water and environmental resistant nanocoating technology, Advanced nanoGuard™ (ANG). The company’s wet ANG coatings can be applied directly on connectors, antennas, LEDs and high heat generating components, allowing electronic manufacturers to comprehensively safeguard their devices for the first time. With a scalable, turnkey solution that seamlessly integrates into existing manufacturing lines, actnano is positioned to expand its global footprint with leading automotive and consumer electronics manufacturers. Today the company is a trusted partner to global automotive and consumer electronics OEMs and Tier-1 suppliers as customers, with its ANG technology already integrated into production vehicles and the world’s leading smartphones. For more information, please visit www.actnano.com.

 About Emerald Technology Ventures:

Emerald is a globally recognized investment firm and strategic innovation partner, with offices in Zurich, Toronto and Singapore. Founded in 2000, it has raised five venture capital funds, completed over 400 venture investments in 67 emerging industrial technology leaders and managed five third-party investment mandates, including for the governments of Switzerland and Singapore. Emerald is a trusted open innovation partner for numerous multi-national corporations, leveraging deep industry expertise and rich global deal flow in the areas of energy, water, industrial IT, advanced materials, mobility, robotics, and agriculture.

www.emerald-ventures.com

 About Material Impact:

Material Impact is a venture capital fund that invests in building companies which transform material technologies into products that make an impact on real world problems. Material Impact is headquartered in Boston, Massachusetts. For more information, please visit http://www.materialimpact.com.

 About Henkel:

Henkel operates globally with a well-balanced and diversified portfolio. The company holds leading positions with its three business units in both industrial and consumer businesses thanks to strong brands, innovations and technologies. Henkel Adhesive Technologies is the global leader in the adhesives market – across all industry segments worldwide. In its Laundry & Home Care and Beauty Care businesses, Henkel holds leading positions in many markets and categories around the world. Founded in 1876, Henkel looks back on more than 140 years of success. In 2019, Henkel reported sales of more than 20 billion euros and adjusted operating profit of more than 3.2 billion euros. Henkel employs more than 52,000 people globally – a passionate and highly diverse team, united by a strong company culture, a common purpose to create sustainable value, and shared values. As a recognized leader in sustainability, Henkel holds top positions in many international indices and rankings. Henkel’s preferred shares are listed in the German stock index DAX. For more information, please visit www.henkel.com.

 About Henkel Tech Ventures is the corporate venture capital arm of Henkel Adhesive Technologies, established in 2016. Headquartered in Düsseldorf, it functions as a connector between external innovators and Henkel. Through networking, consulting, partnerships and investments, the unit supports the growth of startups and at the same time enhances Henkel’s new business development efforts. For more information, please visit www.henkel-tech.ventures.

 About PTT Global Chemical (GC)

GC is a world-scale petrochemical player with an aggregate capacity of more than 11.2 million tons per annum across various chemical value chains. GC’s businesses span manufacturing and distribution of upstream, intermediate, and downstream petrochemical products serving various industries such as packaging, apparel, communications, electronic equipment, electrical appliances, vehicles, construction materials, engineering plastics, and much more. GC is listed on the Stock Exchange of Thailand with assets more than US$15 billion. For more information, please visit https://www.pttgcgroup.com/en.

 About GC Ventures America

GC Ventures America is the corporate venture capital arm of GC. It serves as a strategic investor and partner leveraging the breadth of GC’s resources and business footprint to help startups scale. The investment thesis includes advanced materials, digital platform, biotech, life sciences and clean tech. The corporate venture unit invests globally with offices located in Boston, MA and Bangkok, Thailand. For more information, please visit https://gcinternational.com/cvc/.

 

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