US-based material science company NanoTech Materials has secured $29.4 million in a Series A funding round. The round was led by HPI Real Estate and Investments, with participation from Goose Capital and Milliken Company.
With this investment, the company’s total funding now stands at $34.4 million.
Along with the funding announcement, NanoTech Materials has expanded its Board of Directors. The new members include Todd Overbergen and D. Kent Lance, a partner at HPI. This move reflects the company’s efforts to strengthen governance as it scales operations.
The company plans to use the newly raised capital to expand its operations. In addition, it will invest in further development of its material technologies. These efforts aim to support growing demand across multiple sectors.
NanoTech Materials develops coatings based on its patented Insulative Ceramic Particle (ICP) technology. These coatings help reduce heat transfer in buildings and outdoor infrastructure. At the same time, they maintain structural durability.
As a result, the company serves commercial real estate owners, industrial operators, and government agencies. These customers are primarily focused on reducing operational costs and improving resilience against extreme heat and weather conditions.
The company operates a manufacturing facility in Katy, Texas. The facility spans approximately 43,000 square feet and supports its production requirements.
NanoTech Materials is led by CEO Mike Francis.
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