FunzioNano raises $3M from SINTEF, Skagerak Maturo and Investinor
FunzioNano, a Herøya, Norway-based supplier of nano-sized hybrid polymers announced securing a NOK 24M ($3M) in capital investment.
In addition, Innovation Norway has also supported the project with a total of NOK 12 million through a non-refundable grant via the environmental technology scheme.
FunzioNano AS, led by CEO Morten Eikenes, is a spin-off company from SINTEF which developed a generic technology platform at SINTEF Materials and Chemistry, through various research projects for over 10 years. The company supplies industry with nano-sized hybrid polymers, which lift commodity materials to the next level. Main marked segments are water repellant coatings, fire retardant materials and gas barrier packaging.