C3Nano secures USD 6.7 million in series-B funding for transparent conductive film
February 20, 2012 // Julien Happich
C3Nano, a Silicon Valley startup developing a nanomaterials-based transparent conductive film, has raised USD 6.7 million in Series-B financing led by Phoenix Venture Partners, with participation from existing investor, GSR Ventures. To date, C3Nano has raised in excess of USD 10 million. Their disruptive carbon hybrid-based ink and film is gaining significant market acceptance and is in evaluation with several industry leaders in Asia.
This new round of funding will support the company's plans to expand its engineering capability, complete its ink product, and scale to production. In conjunction with the financing, Dr. Nobi Kambe of Phoenix Venture Partners will join the company's Board of Directors. Printable conductive inks offering high levels of performance are becoming a viable option for transparent conductors, and C3Nano is poised to disrupt this market with its proprietary films and inks. Distinct from other conductive materials based on carbon nanotubes, C3Nano has taken a hybrid approach to address fundamental issues—such as conductivity—that can exist with other carbon nanomaterial options. The company's carbon-based conductive inks offer the industry a high performance, low cost solution. Unlike ITO, the transparent conductive materials are remarkably robust, making it an attractive option for emerging flexible and stretchable electronics.
According to DisplaySearch, the transparent conductive film market will be $10 billion by 2016. This is primarily driven by the display, touch panel, smart-phone, tablet and thin film solar industries.
Visit C3Nano at www.c3nano.comAll news
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