NanoTech Materials Raises $29.4M in Series A Funding

The round also saw participation from strategic investors Goose Capital and Milliken Company. The raise brought the total amount to $34.4M. Along with the Series A announcement, NanoTech has added Todd Overbergen and D. Kent Lance, Partner at HPI, to its Board of Directors.

The company plans to use the funds to grow its operations and support its development work.

NanoTech creates high-performance coatings using its patented Insulative Ceramic Particle (ICP) technology to reduce heat transfer in buildings and outdoor structures while maintaining strength and durability. The company works with commercial property owners, industrial businesses, and government agencies looking to lower costs and protect assets from extreme heat and weather.

In the United States, buildings account for about 37% of total energy use, with heating, and cooling accounting for the largest share. NanoTech’s coatings help reduce heat transfer from roofs, and other surfaces, lowering cooling needs by up to 50% in some cases.

Wildfires are also increasing the need to protect infrastructure, causing billions of dollars in damage each year. NanoTech’s Wildfire Shield is designed to protect wood and other structures from extreme heat up to 3,272°F without releasing harmful toxins. The company is working with California’s Department of Transportation to set wildfire protection standards and has already completed several projects with them.

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“Today’s buildings need materials that can do more than meet basic standards—they must handle extreme conditions,” said D. Kent Lance of HPI. He added that NanoTech’s ability to lower costs while strengthening infrastructure is the kind of innovation the market needs.

John D. Chaney of Goose Capital said they have supported NanoTech from early on and believe the company is becoming a leader in advanced materials. He noted that its technology improves fire resistance and energy efficiency, helping make buildings safer and stronger.

Halsey Cook, CEO of Milliken, said the investment reflects their belief that advanced materials can solve real-world problems. He added that NanoTech’s technology brings new solutions to important infrastructure challenges where durability and performance are critical.

“We are tackling a major challenge for infrastructure owners—reducing energy costs and making assets last longer,” said Mike Francis, CEO and co-founder of NanoTech Materials. He said this funding is a key step forward, helping the company scale production, bring its materials to market faster, and deliver real cost savings while improving resilience in modern infrastructure.

About NanoTech Materials

Founded in 2019 by Mike Francis and Hani Taan, NanoTech Materials is a U.S.-based company that develops advanced materials for thermal protection to improve energy efficiency and fire resistance in buildings and infrastructure. Its patented Insulative Ceramic Particle (ICP) technology is used in coatings for fireproofing, roof cooling, and insulation across commercial, industrial, and public sectors, and the company works with Fortune 500 companies and the California Department of Transportation.

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