Reactive Nanotechnologies receives $2 million

July 3, 2002 — Reactive Nanotechnologies Inc., a Baltimore-based developer of nanostructured foils for joining materials, has received $2 million in its first venture round, according to Caroline Worrall, the company’s chief operating and financial officer.

Toucan Capital of Bethesda, Md., led the round with $1.9 million. The Maryland Department of Business and Economic Development also made a $100,000 equity investment.

The company, founded in January 2001, was previously funded by its founders and a state grant. Worrall anticipates another venture round in 12 to 18 months for between $5 million and $10 million.

Reactive Nanotechnologies’ foils melt braze — a hard solder with a high melting point — with a chemical reaction to join materials without using an industrial furnace. It’s especially useful for joining materials with different properties, such as metals and ceramics. Worrall said the first application will probably be hermetically sealing containers for photo-optic devices.

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