What They Say
By complete coincidence (honestly!), after I wrote about the investment in Nanosys over recent years last Friday (David Clears the First Hurdle), I got notice today that the firm has raised an additional $50 million that will enable the firm to accelerate its growth in QDs, microLEDs and ELQDs. Investors included Fortress Investment Group, Centerbridge Partners and Kilonova Capital. We’ll publish that in a press release tomorrow.
What We Think
As always, the investors were excited about the opportunity. Nanosys also confirmed that the $180 million of finance previously raised as listed by Crunchbase and mentioned in the article on Friday was ‘in the ballpark’. The firm also highlighted that less than $100 million of the investment has been since the firm focused on the QD business in 2012.
It also emphasised that three of the top five TV brands are shipping TVs with 100% heavy metal-free QDs manufactured by Nanosys today (i.e. no cadmium or lead). (BR)
