Impact Nano L.L.C. – a U.S.-based chemical manufacturing company enabling sustainable computing with advanced materials – announced that it has raised $32 million in total funding in successive rounds from Goldman Sachs Asset Management, Intel Capital, and other investors. In conjunction with the latest funding round, Sean Doyle, managing director of Intel Capital will join the board of directors.
What does Impact Nano do? Impact Nano develops and manufactures critical materials suitable for multiple industries including semiconductor, energy storage and healthcare markets. And Impact Nano’s initial focus on volume manufacturing within North America aligns with the expected growth of the industries it serves domestically, including the semiconductor supply chain, and its manufacturing base is capable of supporting customers worldwide.
Plus as an advanced materials supplier, Impact Nano has expertise in ligand, organometallic, silicon, and fluorine chemistries and supplies patterning photoresists, deposition organometallics, and etching gasses that enable the fabrication of leading-edge integrated circuit designs. And Impact Nano maintains a strong commitment to safety and addresses global sustainability challenges in advanced materials development and manufacturing by employing green chemistry and circular manufacturing approaches, reducing the environmental impact of computing and semiconductor manufacturing.
What the funding will be used for: This funding round comes on the heels of a year of major accomplishments including the qualification of products at multiple end users, tripling its customer base, achieving ISO certification, and scaling up four processes successfully. And the funding will enable Impact Nano to expand its North American manufacturing capacity, materials development pipeline, storage and distribution capabilities. Plus the company will also increase local hiring and accelerate its development efforts to address the application and supply chain needs of its customers.
KEY QUOTES:
“Impact Nano plays a critical role by manufacturing materials with precisely controlled chemical fingerprints, enabling atomic level control in advanced semiconductor fabrication. We are excited to announce Goldman Sachs and Intel Capital’s investment towards our efforts to safely produce materials in the U.S., thereby addressing overseas supply chain challenges.”
— Matthew Stephens, CEO and Co-founder of Impact Nano
“We are excited to team with Intel Capital to accelerate the growth of Impact Nano through the recent funding. The capital will help enable the Impact Nano team to capitalize on the increasingly high volume of business opportunities available in the current environment.”
— Jeff Possick, a Managing Director in Goldman Sachs Asset Management
“Impact Nano is establishing a safety-first source for on-shore manufacturing of advanced materials in the U.S.. Impact Nano founders Matt Stephens and Mark Wilkinson are experienced leaders in the specialty chemical domain, and their expertise will enable Impact Nano to be a quality source of materials innovation and domestic supply for advanced materials.”
— Sean Doyle, Managing Director, Intel Capital
