Ecomachines Ventures invests into nano-additives technology business
5th May 2018
Level39 member and high-tech investor Ecomachines Ventures, has announces that its portfolio company Nanotech Industrial Solutions, has completed a $12m funding round.
EMV is a longtime investor into NIS, a manufacturer of nano-sized particles which are used in high-performance additives for greases, industrial lubricants and other lubricating fluids.
Dr. Ilian Iliev, Managing Director of EcoMachines Ventures commented:
“We are excited by the prospects for NIS as an emerging leader in additives for the greases and industrial lubricants, metal-working fluids, and drilling fluids segments. The support NIS is receiving by leading industry players will help the company grow faster and into many more markets. This investment will allow NIS to scale the model and capitalize on its growing take-up across multiple market segments.”