SOURCE: Nanosys, Inc.

November 09, 2005 09:00 ET

Nanosys Raises $40 Million in a Private Equity Financing

PALO ALTO, CA -- (MARKET WIRE) -- November 9, 2005 -- Nanosys, Inc., a privately held company focused on developing nanotechnology-enabled products, today announced that the company has raised approximately $40 million in a private equity financing. This financing was led by El Dorado Ventures and includes new investors Masters Capital, Medtronic, Inc., Wasatch Advisors, and others. In addition, there was strong participation from existing investors including Alexandria Equities, ARCH Venture Partners, CDIB BioScience Ventures, CW Group, Harris & Harris Group, Inc., In-Q-Tel, Intel Capital, H.B. Fuller Company, Lux Capital, Polaris Venture Partners, Prospect Venture Partners, UOB Hermes Asia Technology Fund, and Venrock Associates.

Nanosys will use this funding for the ongoing development and manufacturing scale-up of products that incorporate its proprietary, inorganic nanostructures with integrated functionality for multiple industries. Current product development programs include chemical analysis chips for pharmaceutical drug research, fuel cells for portable electronics, nanostructures for displays and phased array antennas, non-volatile memory for electronic devices, and solid state lighting products.

"The overwhelming response and success of this financing demonstrates a strong validation of our approach and progress towards developing and commercializing nanotechnology-enabled products," said Calvin Chow, Nanosys' Chief Executive Officer. "We are extremely pleased with the high quality group of new investors as well as the continued support of our key existing investors."

"Nanosys is poised to enable a range of innovative products, transforming industries from electronics to life sciences," said Tom Peterson, General Partner of El Dorado Ventures. "It is clear to us that Nanosys is uniquely positioned to become a leading nanotechnology company through its broad technology platform, leading intellectual property, diversified product portfolio, experienced team, and world-class collaborators."

About Nanosys

Nanosys, Inc. is a leader in the development of nanotechnology-based products utilizing high performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with more than 400 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto, California and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products for computing, optoelectronics, communications, energy, defense and the life and physical sciences. Additional information on Nanosys can be found at www.nanosysinc.com

About El Dorado Ventures

El Dorado Ventures (EDV) is a leading venture capital firm with a 19-year history of success. With $750 million in capital under management, the firm invests across the technology spectrum, from semiconductors and systems to communications, software and services, targeting both consumers and the enterprise. El Dorado's early-stage investments have included Cyras Systems, EarthLink, Efficient Networks, Novellus and NuSpeed Internet Systems. Numerous EDV portfolio companies have gone public or been acquired by major technology companies including Ciena, Cisco Systems, nVidia, Siemens, Texas Instruments and Yahoo/Inktomi. For more information, please visit www.eldorado.com.

Contact Information

  • CONTACT:
    Peter Garcia
    Chief Financial Officer
    Nanosys, Inc.
    (650) 331-2154
    Email Contact