Cima NanoTech raises $15m

Cima NanoTech develops nanomaterial-based formulations for transparent conductive coatings.

The Israel Venture Capital Association reports that Cima NanoTech Ltd. has raised $15 million in its third financing round from Nikko Antfactory KK, formerly the venture capital arm of Japanese private equity fund Nikko Cordial Securities Inc. In 2006, Cima NanoTech raised capital from Nikko Antfactory, Bridge Capital and Millennium Material Technologies Fund.

Cima NanoTech develops nanomaterial-based formulations for transparent conductive coatings in devices such as plasma displays, touch screens and solar cells. The company, run by CEO Jon Brodd, has a development center in Caesarea run by VP operations Zach Frenkel. The company manipulates materials at the molecular level to make them more effective or more environmentally friendly.

Published by Globes [online], Israel business news - www.globes-online.com - on March 9, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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