Neptune Nanotechnologies Inc. Secures $1.8 Million Canadian Dollars in Successful Seed Stage Fund Raise
MARKHAM, ON / ACCESSWIRE / July 19, 2023 / Neptune Nanotechnologies Inc., a pioneering company at the forefront of bio-nanotechnology innovation, is thrilled to announce the successful closure of its seed stage fundraising, securing a remarkable $1.8 million Canadian Dollars in funding. The financing round was led by the prominent Canadian venture capital firm China Canada Angel Alliance (CCAA), with strong participation from follow-on investors Ontario Centre of Innovation (OCI), Liquid Metal VC, and a few other private investors.
"Innovation is the lifeblood of progress, and at Neptune Nanotechnologies, we are driven by a relentless pursuit of groundbreaking solutions. With immense pride, we announce the successful completion of our seed stage fund raise, securing $1.8 million Canadian dollars. This resounding vote of confidence from our investors empowers us to embark on the next chapter of our journey, revolutionizing industries and shaping a brighter future through nanotechnology. Together, we will redefine what's possible and leave an indelible mark on the world.
A special note of gratitude goes out to the China Canada Angel Alliance (CCAA) for their invaluable backing, providing us with the initial thrust to soar to new heights. Additionally, we express our heartfelt appreciation to our follow-on investors, including the Ontario Centre of Innovation (OCI) and Liquid Metal VC, whose continued confidence in our vision has been instrumental in propelling us forward."
- Aaron Guan, Founder and CEO, Neptune Nanotechnologies Inc.
The funding round represents a significant milestone for Neptune Nanotechnologies as it seeks to commercialize novel technologies that converts organic fishing waste into biodegradable nanomaterials that solves the performance and sustainability challenges of the plastics, composites, and pulp & paper industries. The company's proprietary technologies have garnered widespread interest and recognition, making it a prime choice for investors seeking to support pioneering ventures in the cleantech & nanotech industry.
CCAA, the lead investor in this round, is known for its strategic approach to investing in high-growth, disruptive technologies. Their decision to back Neptune Nanotechnologies showcases the company's strong potential and highlights the attractiveness of Neptune's unique offerings. CCAA's extensive experience and network in the tech sector are expected to add significant value to Neptune's growth and market reach.
In addition to CCAA's support, Neptune Nanotechnologies is thrilled to welcome OCI and Liquid Metal VC as follow-on investors. OCI is the innovation agency of the Ontario government aimed at driving economic growth by investing in innovative technologies. Liquid Metal VC is also renowned for its track record of identifying and nurturing early-stage deep-tech companies with transformative potential. Their participation in this funding round underscores the industry's recognition of Neptune's vision and technological capabilities.
The raised capital will be allocated towards ramping up research and development initiatives both internally and in collaboration with top research institutions in Canada and the US; installing pilot scale production capabilities for nanocrystals and derivative products to satisfy sampling and trial demands as well as mapping out commercial scale production pathways; expanding the company's talented team with special emphasis on technology scaling and business development roles in order to propel Neptune Nanotechnologies toward its commercialization goals.
About Neptune Nanotechnologies Inc.
Neptune Nanotechnologies Inc. is an innovative bio-nanotechnology startup dedicated to the commercialization of revolutionary technologies capable of transforming organic fishing waste into exceptionally valuable nanocrystals. These nanocrystals surpass steel in strength while weighting similar to plastics, they are entirely derived from bio-based sources, demonstrating non-toxic, bio-compatible, and biodegradable characteristics. Serving as physical additives, they exhibit the potential to enhance strength, decrease weight, and supplant hazardous chemical additives across a diverse spectrum of materials used in aerospace, automotive, 3D printing, composites, adhesives, and packaging applications.
Contacts
Aaron Guan
Neptune Nanotechnologies Inc.
1-647-882-9890
aaron.guan@neptunenano.com