Nanosys extends second round to $38 million

June 2, 2003 — Nanosys Inc., a Palo Alto, Calif., developer of nanotechnology-enabled systems, will announce a second closing of its second round funding tomorrow, bringing the round to $38 million total. In April, Nanosys announced a first closing of $30 million.

Chief Executive Larry Bock confirmed that the additional $8 million comes from new investors UOB Hermes Asia Technology Fund, UOB Venture Technology Investments Ltd., Healthcare Focus Fund L.P., Eastman Kodak Co., H.B. Fuller Co. and others.

The UOB funds are managed by UOB Venture Management Pte Ltd., a subsidiary of United Overseas Bank of Singapore. The Healthcare Focus Fund is managed by Arch Venture Partners for the California Public Employees’ Retirement System (CalPERS) . Kodak and Fuller participated as strategic investors.

At the first closing, the company announced new investors CDIB BioScience Ventures, which led the round, as well as Chiao Tung Bank, China Development Industrial Bank, Harris & Harris , Lux Capital, Quanta Computer and SAIC Venture Capital Corp. Existing investors that also participated included ARCH Venture Partners , CW Group, Polaris Venture Partners, Venrock Associates, Prospect Venture Partners and Alexandria Real Estate Equities.

Previously, Nanosys announced a $15 million round in February 2002 and $1.7 million in initial funding in October 2001.

– David Forman


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