Transparent conductive films leader to accelerate development and commercialization of novel electronic materials
SAN FRANCISCO, August 30, 2022 – Insured technology financing pioneer, PIUS announced today the securing of $25 million in funding for C3Nano, Inc., the performance leader and innovator of nanowire-based technologies for transparent conductors. This was the second round of funding secured and underwritten by PIUS, based on its evaluation of C3Nano’s intellectual property (IP).
“Our long-term partnership with PIUS has allowed C3Nano to tap into our IP in order to access greater amounts of capital without a dilution of equity,” said Cliff Morris, president and CEO of C3Nano. “The financing will enable C3Nano to add capital and resources, and to develop new applications for our innovative electronic materials, while driving business growth in a rapidly expanding industry.”
The growth capital will support C3Nano’s expansion of its Hayward, California based silver nanowires synthesis and production capacity, as well as accelerate its efforts to innovate and commercialize its nanowire-based technologies in consumer electronics, automotive applications, life sciences and cleantech.
“From our initial meeting in July 2020, the PIUS team was impressed with C3Nano’s exceptional electronic materials platform, underpinned by proven, innovative technologies,” said Joe Agiato, CEO of PIUS. “Alongside the increasing adoption of silver nanowire-based technologies, we are eager to continue our partnership and be a part of C3Nano’s significant growth in the years ahead.”
PIUS initially secured $15 million in growth capital for C3Nano in February 2021.
PIUS provides a proprietary insurance product for growth-stage technology companies to secure better, more flexible financing options without dilution by insuring the debt’s value, based on PIUS’ evaluation of the company’s intellectual property. The cost of capital is typically less than comparable solutions, with no warrants, extra fees, or prepayment penalties.
PIUS Limited, LLC, offers a proprietary insurance product for growing technology companies, which utilizes a company’s intellectual property (IP) as collateral. By insuring the loan based on its evaluation of a company’s IP, PIUS helps facilitate greater loan amounts at better rates, while transferring the risk from the lender to the insurer. Through PIUS’ CLip Notes program, PIUS provides the insurance, brings the capital source via institutional investors, and monitors the transaction, providing a complete solution. For more information, visit https://piusre.com.
About C3Nano, Inc.
C3Nano Inc. is the performance leader in next-generation, transparent conductive inks and films for the touch sensor and display industry. The company has more than 120 global patents (issued or pending) including multiple patents which cover its NanoGlue® technology. NanoGlue acts to fuse the conductive silver nanowires (AgNWs) technology into a new high-performance conductive network or grid (ActiveGrid™). NanoGlue is effective in lowering sheet resistance, while maintaining excellent optical transparency, low haze, and low reflectivity.
The Company’s products are used by global manufacturers of mobile devices, notebook computers, and tablets. C3Nano’s innovative technology is also in use in large area interactive TV and automotive sensor applications. C3Nano’s investors include Nitto Denko, Nissha Printing Co., Ltd., Hitachi Chemical, Nagase America and Lens Technology. Venture capital investors include GSR Ventures and Phoenix Venture Partners. Headquartered in Silicon Valley, C3Nano operates manufacturing, sales and technical support facilities in the U.S. and in Asia. More information about C3Nano is available at www.c3nano.com.