ONAMI Gap Fund Portfolio Companies Raise $20M Capital Funding in May, 2011
May 11 2011FOR IMMEDIATE RELEASE
ONAMI Gap Fund Portfolio Companies Raise $20M Capital Funding in May, 2011
Three ONAMI commercialization gap fund partner companies have raised a cumulative $20M in new private capital funding in May, 2011. The three companies - all headquartered in Corvallis, Oregon - are:
- Inpria Corporation, a developer of chemical materials for the deposition of high-performance thin films, announced this week that it has raised Series A financing. Participants in the Series A investment included a venture capital fund and angel investors. “This investment demonstrates investor confidence that Inpria’s advanced materials will help enable future semiconductor devices,” said Andrew Grenville, CEO of Inpria. The company is developing lithography resist materials for the semiconductor industry that combine extremely high resolution with unparalleled etch resistance. Inpria leverages and extends core inorganic chemistry design principles that were initially developed in the Keszler lab at Oregon State University.
- Perpetua Power Source Technologies, a leading developer of renewable energy solutions for the wireless sensor network industry, announced this week plans to expand its manufacturing capabilities and build a new final assembly and production facility. Through a recently developed relationship with the local Coquille Indian Tribe, the final assembly and production facility will be located on the 50-acre Tribe-owned Ko-Kwel Wharf in North Bend, Oregon. Construction is expected to begin this year and will create about 30 jobs in the South Coast region. Additional growth plans include expanding manufacturing capabilities of its thermoelectric technology at the Corvallis, Oregon company headquarters.
- ZAPS Technologies this week announced closing of Series A financing arranged through Cheever Capital Management, LLC of Albany, Oregon. ZAPS is the creator of the LiquID™ Station, an advanced real time water monitoring and water security device. ZAPS will use the funding proceeds to accelerate the growth of the company, expand markets and develop further technology.
These investments add to over $70M in leveraged funding previously secured by ONAMI gap fund companies, led by the $50M Home Dialysis Plus financing in February 2010. Home Dialysis Plus continues to make progress on or ahead of schedule to commercialize breakthrough technologies for the treatment of end-stage renal disease.
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About Inpria Corporation: Inpria (http://www.inpria.com) develops solution precursors for the deposition of high-performance thin films. Inpria’s partners span nine countries across three continents. The company has been awarded several SBIR grants from the National Science Foundation and maintains close ties to the Oregon Nanoscience and Microtechnologies Institute (ONAMI) and the National Science Foundation Center for Green Materials Chemistry. For further information, please contact Ann Carney Nelson at .(JavaScript must be enabled to view this email address)
About Perpetua Power Source Technologies: Perpetua (http://www.perpetuapower.com) is dedicated to offering high quality, cost-effective, and easy-to-use renewable energy products that last as long as the electronics they power. By extending the life of batteries and in some cases replacing batteries altogether, Perpetua’s products enable wireless network users to collect more data over time and offer more opportunities to operate autonomously in diverse environments. Press contact: .(JavaScript must be enabled to view this email address)
About ZAPS Technologies: ZAPS (http://www.zapstechnologies.com) is the creator of the LiquID™ Station, an advanced real time water monitoring and water security device. ZAPS will use the funding proceeds to accelerate the growth of the company, expand markets and develop further technology. LiquID™ technology, developed by Dr. Gary Klinkhammer, Professor of Oceanography at Oregon State University (OSU) and ZAPS CSO, is a unique optical platform used to monitor water quality parameters including organic carbon, nitrogen compounds, algae blooms, and various types of natural and manmade pollution. For further information, contact Mike Brown at .(JavaScript must be enabled to view this email address)
About Oregon Nanoscience and Microtechnologies Institute: ONAMI (http://www.onami.us) is the first of Oregon’s Signature Research Centers. A deep collaboration among Oregon universities, Pacific Northwest National Laboratory, and industry, ONAMI was created to dramatically grow research revenue and accelerate commercialization of resulting technology in Oregon. Since 2004, awards to ONAMI research members have grown five-fold, companies using the NanoNet™ facilities have grown three-fold, and companies in the ONAMI gap fund portfolio have raised over $90M in leveraged funds. For additional information on the ONAMI gap fund, please contact Jay Lindquist: .(JavaScript must be enabled to view this email address)
