FAN Fund invests in Nanomaterial Company

FAN Investors I GP, LLC (“FAN Fund”) is pleased to announce that it has completed a $250,000 investment in NanoPhotonica, Inc (nanophotonica.com).  The company provides innovative nano-materials and device production technology that enable electronic displays to have higher resolution, more vivid colors, and higher efficiency at significantly lower cost.  NanoPhotonica’s IP portfolio spans Quantum Dots (QDs), related nano-materials, and unique, very low cost production methods that will enable a new generation of so-called QD-based Light Emitting Diode (QLED)  displays to be used in a wide range of electronic devices, including smartphones, tablets, notebooks, and TVs. The company is focusing its resources on smartphone and TV applications in the immediate term.
 
The company has received several million dollars of non-dilutive funding in grants, research sponsorships, and engineering development support revenue from both government and industry.  It has also successfully raised financing from individual investors and economic development groups like Enterprise Florida and Florida Institute of Commercialization of Public Research (FICPR); FAN Fund is the company's first financial institutional investor.  Much of the company's research and development are performed in the Innovation Hub at the University of Florida.  Over the next 24 months, the company expects to continue being partially funded with grants as well as revenue from joint development agreements with major display manufacturers for future QLED production. This market penetration and capitalization approach allows the company to gain additional insights into customer requirements as well as establishing strategic alliances with key industry players.
 
“The FAN Fund clearly understands the potential of our underlying technology while providing valuable insight into how to best focus our team on near-term efforts. Their support is a useful and timely component of our capitalization and growth strategy" said Dr. Chris Morton, CEO of NanoPhotonica.