SDCmaterials raises $2.2 Million in second financing round
By siliconindia   |   Wednesday, 06 May 2009, 23:06 IST
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SDCmaterials raises $2.2 Million in second financing round
Tempe: SDCmaterials, a player in innovative nanotech powders, has announced the closing of its second round financing. A total of $2.2 million has been raised, including $600,000 from BASF Venture Capital America and $650,000 from Schropp Group. The funds will be used to improve existing equipment, increase headcount, and expand production capacity. Dr.Maximilian A. Biberger, CEO of SDCmaterials said, "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 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," added Gillard. 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 for new catalysts, SDCmaterials' unique approach allows for a drastic reduction in discovery time, as well as lower end product manufacturing costs.

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