Nanox raises $2.9 million second round

July 25, 2003 — Nanox Inc., a Quebec-based developer of autocatalyst materials based on nanostructured oxide materials, announced that it closed on $2.9 million in second-round funding.

The round was led by Pangaea Ventures. The Solidarity Fund QFL, Business Development Bank of Canada Venture Capital and Sovar also participated. The money will be used for laboratory expenditures, enhancing the company’s testing program and developing its manufacturing capability, according to Gary Whipp, chief executive officer.


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