Nanotechnology startup Amastan Technologies LLC announced the acquisition of $13.8 million in Series B financing led by Anzu Partners.
Material Impact Fund, RKS Ventures, KLP Enterprises and LaunchCapital also participated in the funding.
Amastan Technologies specializes in the development, commercialization and implementation of plasma technologies for the production and processing of nanomaterials.
According to the company, it has “The world’s only microwave plasma technology poised to disrupt traditional chemical processes for producing advanced powders and materials.” Amastan Technologies’ production platform plans to address more than $40B of high-value, established material markets and high-growth emerging material markets, including those materials critical for advanced batteries, LED lighting, displays, 3D printing, and more.
With this round of capital, Amastan Technologies brings on board investors with specialized expertise in bringing to market industrial process technology and advanced materials companies.