Canada-based Group NanoXplore announced that it finalized an agreement for a non-brokered private placement financing totaling $2.725M CDN ($2.18 million USD) in December, 2014. The investors are several Canadian individuals with strong backgrounds in chemical and industrial markets and successful records of building successful technology enterprises.
The graphene producer and application developers hopes that these new investors will provide more than just funds - also knowledge and connection in target markets. NanoXplore aims to use the money to accelerate their customer acquisition and sales efforts. The company has seen a strong interest in their products over the last year, especially for applications in smart textiles and Li-ion batteries, as well as lubricants, paints, and polymers.