About Nelumbo
Nelumbo is a company based in Hayward (United States) founded in 2015 by David Walther was acquired by Kuraray in April 2025.. Nelumbo has raised $21.35 million across 4 funding rounds from investors including Danfoss, UPC Renewables and California Energy Commission. The company has 10 employees as of December 31, 2023. Nelumbo offers products and services including IceNein and Mineral. Nelumbo operates in a competitive market with competitors including actnano, Suzhou Nanomicro Technology, Adaptive Surface, Dais and NanoMech, among others.
- Headquarter Hayward, United States
- Employees 10 as on 31 Dec, 2023
- Founders David Walther
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Sectors
Chemicals & MaterialsTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Nelumbo Inc
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Products & Services of Nelumbo
Nelumbo offers a comprehensive portfolio of products and services, including IceNein and Mineral. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides extreme ice resistance for heating and cooling equipment
Uses abundant minerals for waterproofing without environmental harm
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Funding Insights of Nelumbo
Nelumbo has successfully raised a total of $21.35M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $2.9 million completed in May 2024. 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 4
- Last Round Grant — $2.9M
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First Round
First Round
(24 Nov 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2024 | Amount | Grant - Nelumbo | Valuation |
investors |
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| Apr, 2020 | Amount | Series A - Nelumbo | Valuation | Prime Movers Lab , UTEC | |
| Nov, 2018 | Amount | Series A - Nelumbo | Valuation | Berkeley Catalyst Fund |
| 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 Nelumbo
Nelumbo has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Danfoss, UPC Renewables and California Energy Commission. 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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Government agency focused on clean energy investments
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Seed and Early stage VC firm investing in Japan
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Safar Partners is engaged in investing in technology startups.
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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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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 Nelumbo
| 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 - Nelumbo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Nelumbo Comparisons
Competitors of Nelumbo
Nelumbo 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 actnano, Suzhou Nanomicro Technology, Adaptive Surface, Dais and NanoMech, 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 |
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| domain | founded_year | HQ Location |
Environmental resistant nanocoatings are developed for diversified applications.
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| domain | founded_year | HQ Location |
Uniformly sized nano- and microspheres are manufactured and marketed.
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| domain | founded_year | HQ Location |
Materials and coatings that repel fluids are produced.
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| domain | founded_year | HQ Location |
Nanomaterial-based polymers are supplied for air and water purification.
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| domain | founded_year | HQ Location |
Coating and cutting tools are manufactured for industrial applications.
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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 Nelumbo
Frequently Asked Questions about Nelumbo
When was Nelumbo founded?
Nelumbo was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Nelumbo located?
Nelumbo is headquartered in Hayward, United States. It is registered at Hayward, California, United States.
Is Nelumbo a funded company?
Nelumbo is a funded company, having raised a total of $21.35M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Nov 24, 2017.
How many employees does Nelumbo have?
As of Dec 31, 2023, the latest employee count at Nelumbo is 10.
What does Nelumbo do?
Nelumbo was founded in 2015 in Hayward, United States, and operates in the cleantech sector. Omniphobic nanocoatings are produced by the company to promote water shedding and minimize contaminant accumulation on surfaces, particularly air conditioning cooling fins. These coatings, thinner than human hair by a factor of 100, are applied during manufacturing with an added cost under 2. The Berkeley Cleantech University Prize was awarded to the startup in 2016.
Who are the top competitors of Nelumbo?
Nelumbo's top competitors include Adaptive Surface, actnano and NanoMech.
What products or services does Nelumbo offer?
Nelumbo offers IceNein and Mineral.
Who are Nelumbo's investors?
Nelumbo has 12 investors. Key investors include Danfoss, UPC Renewables, California Energy Commission, Kuraray, and Prime Movers Lab.
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