SDCmaterials Successfully Closes Second Financing Round
TEMPE, Arizona, June 26 /PRNewswire/ --
SDCmaterials, LLC, the technology leader in innovative nanotech powders, today announced the closing of its second round financing. A total of USD 2.2 million has been raised, including USD 600,000 from BASF Venture Capital America Inc., Santa Barbara, Calif., and USD 650,000 from Schropp Group, Sacramento, Calif. The funds will be used to improve existing equipment, increase headcount, and expand production capacity.
"We are very pleased to have won BASF Venture Capital as an investor in SDCmaterials," said Dr. Maximilian A. Biberger, CEO of SDCmaterials. "BASF is an excellent partner to support SDCmaterials' catalyst and nano technologies."
"This investment fits nicely with our focus on nanotechnology -- one of the five growth clusters of BASF's research strategy," said Keith Gillard, Principal at BASF Venture Capital America. "SDC's technology is very exciting and we are pleased to be working with such a strong entrepreneurial team."
SDCmaterials' patent pending technologies are used to create novel nano materials, with a focus on elemental nano metals, nano alloys, carbides, nitrides and ceramics. SDCmaterials' CAPA, coated powder technology, and NANO, nano powder technology, provide an innovative and highly-effective platform for making advanced materials for e.g.: catalysts, and hard materials for cutting tool industries. Applied to the development of new catalysts, SDCmaterials' unique approach allows for a drastic reduction in discovery time, as well as lower end product manufacturing costs.
About SDCmaterials, LLC
SDCmaterials, LLC was founded in July of 2004 to develop unique rapid materials discovery and development technologies. The company's main facilities are located in Tempe, Ariz., with additional sales offices in the United Kingdom and Germany. SDCmaterials currently has more than 15 United States and foreign patents pending. For further information please SDCmaterials' website at www.innovativepowders.com.
About BASF Venture Capital America Inc.
BASF Venture Capital America Inc. is part of BASF Venture Capital GmbH, Ludwigshafen, Germany, established in 2001, as a wholly owned subsidiary of BASF Future Business GmbH. It participates in startup companies by providing venture capital to open up new growth potentials, and supporting them with its expertise. It focuses on companies with innovative business models and technologies in which chemistry is an important key to success. Investment is channeled toward companies that can demonstrate successful applications for their product developments as well as market demand. Further information is available at www.basf-vc.de
Press Contact: Maximilian Biberger Phone: +1-480-966-6106 x101 Email: email@example.com Web site: http://innovativepowders.com http://www.basf-vc.de
SOURCE SDCmaterials, LLC
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