About NanoSteel
NanoSteel is a company based in Providence (United States) founded in 2002 was acquired by United States Steel in March 2021.. NanoSteel has raised $88.02 million across 14 funding rounds from investors including Lear Corporation, United States Steel and Horizon Tech Finance. NanoSteel operates in a competitive market with competitors including Modumetal, 6K, Nanophase, Cline Scientific and Very Small Particle Company, among others.
- Headquarter Providence, United States
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Sectors
TechnologyChemicals & Materials
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$88.02 M (USD)
in 14 rounds
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Latest Funding Round
$4.07 M (USD), Series C
Feb 03, 2020
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Investors
Lear Corporation
& 10 more
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Employee Count
Employee Count
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Acquired by
United States Steel
(Mar 06, 2021)
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Funding Insights of NanoSteel
NanoSteel has successfully raised a total of $88.02M across 14 strategic funding rounds. The most recent funding activity was a Series C round of $4.07 million completed in February 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Series C — $4.1M
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First Round
First Round
(01 Sep 2005)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series C - NanoSteel | Valuation |
investors |
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| May, 2018 | Amount | Series C - NanoSteel | Valuation |
investors |
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| Apr, 2018 | Amount | Series C - NanoSteel | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NanoSteel
NanoSteel has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Lear Corporation, United States Steel and Horizon Tech Finance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided by General Motors-backed firm.
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Structured debt is provided to life sciences and technology firms.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NanoSteel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NanoSteel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nanosteel Comparisons
Competitors of NanoSteel
NanoSteel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modumetal, 6K, Nanophase, Cline Scientific and Very Small Particle Company, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Nano-layered metals are manufactured for construction and related sectors.
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| domain | founded_year | HQ Location |
Nanotechnology-based metal powders are developed using microwave plasma technology.
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| domain | founded_year | HQ Location |
Metal oxide nano-powders are developed and distributed for industrial applications.
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| domain | founded_year | HQ Location |
Developer of nano surfaces and nanoparticles for stem cell and cancer research applications
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| domain | founded_year | HQ Location |
Metal oxide nanopowders are developed and manufactured via proprietary process.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nanosteel
Frequently Asked Questions about NanoSteel
When was NanoSteel founded?
NanoSteel was founded in 2002 and raised its 1st funding round 3 years after it was founded.
Where is NanoSteel located?
NanoSteel is headquartered in Providence, United States. It is registered at Providence, Rhode Island, United States.
Is NanoSteel a funded company?
NanoSteel is a funded company, having raised a total of $88.02M across 14 funding rounds to date. The company's 1st funding round was a Series C of $4.41M, raised on Sep 01, 2005.
What does NanoSteel do?
NanoSteel was founded in 2002 as a spin-off from the U.S. Department of Energys Idaho National Laboratory and is headquartered in Providence, United States. Operations center on the design and commercialization of patented ferrous materials with nanoscale microstructures, including metallic coatings, powders for 3D printing, and sheet steel alloys for automotive lightweighting applications. Over 400 patents have been filed or granted worldwide for these innovations in the advanced materials sector.
Who are the top competitors of NanoSteel?
Who are NanoSteel's investors?
NanoSteel has 11 investors. Key investors include Lear Corporation, United States Steel, Horizon Tech Finance, Octane Venture Partners, and GM Ventures.