CPE News (5.14.2024) – Nfinite Nanotechnology Inc. has raised US $6.5 million in seed funding led by Collateral Good with participation of Suzano Ventures, FTW Ventures, MaRS Investment Accelerator Fund, Overlay Capital, and others.
The financing closed in Q1 2024.
Founded by Chee Hau Teoh, Jhi Yong Loke and Dr. Kevin Musselman, Waterloo, Ontario based Nfinite is an advanced material company that makes smart nanocoatings for sustainable packaging.
Nfinite’s Spatial Atomic Layer Deposition (SALD) technology lays down one atomic layer at a time, producing nanocoatings that are uniform, pinhole-free and ultrathin. Nfinite’s barrier coatings can make biodegradable packaging more robust and existing packaging more recyclable to extend the shelf life of products and reduce plastic waste. Scalable and cost-effective, Nfinite’s solution offers endlessly more applications beyond packaging.
photo credit: Nfinite Nanotechnology Inc.
