Nanogap announced a new capital raise backed by existing investor Repsol.
Nanogap, a O Milladoiro, Spain-based nanotechnology manufacturer for the energy sector, announced that existing investor, Repsol, decided to expand its participation in the capital structure of the company.
Financial details of the deal were not disclosed.
Nanogap, founded in 2006 by CEO Tatiana López as a spin off from the University of Santiago de Compostela, is a nanomaterial company based on the novel wet chemistry technology platform of Atomic Quantum Clusters (AQCs), a form of sub-nanometer particle which can be considered as a “metal molecule” composed of only a few atoms, with unique size and shape-dependent properties.
In 2019, Nanogap secured EUR 1.8 million in capital investment from Repsol.