www.brismat.com/">Brisbane Materials, a specialty materials company, today announced that the company has closed its AUD$5,000,000 Series A funding round. New Venture Partners LLC (NVP) as co-investor.
The investment in Brisbane Materials is the first investment of the Southern Cross Renewable Energy Fund...Australian companies in the renewable energy sector.
Brisbane Materials patented materials and processes were invented and developed by Dr. Michael Harvey and Prof...Their breakthrough technology enables the creation of a nano-porous silicon dioxide (SiO2) film from a liquid precursor at room temperature and atmospheric pressure. When applied to solar photovoltaic panels, these films form an anti-reflective coating which provides a significant efficiency improvement, improving the cost effectiveness of solar panels of all types.
The company was formed in March 2011 with seed funding from Uniquest, one of Australia’s leading research commercialisation companies, and angel investors in Silicon Valley. Additional seed funding came from a “What’s your Big Idea Queensland” grant the company won in 2011. In July 2012, Brisbane Materials announced that it had formed a strategic partnership with EV Group (EVG), a leading supplier of turnkey manufacturing systems for the solar, display, electronics, and other markets. Under a comprehensive cooperation agreement, EVG has optimized its large-area coating systems for the company’s unique materials and processes, enabling the two companies to provide to customers a turnkey solution for high-yield fabrication of anti-reflective coatings with industry-leading performance and cost. Southern Cross Renewable Energy Fund into an exciting Brisbane QLD based materials company, commercializing revolutionary technology developed at the University of Queensland,” said Dr. Larry Marshall, Managing Director. “We are proud to help launch an Australian innovation, and to attract a domain expert US co-investor NVP. NVP, and to have the strong support of the Australian Government,” said Dr. Gary H...The Fund makes selected investments in Australian renewable energy companies, providing capital and assisting with the management skills they need to commercialise their technologies and succeed in domestic and overseas markets. LLC
Formed in December 2001, New Venture Partners is a pioneering venture capital investment firm focused on corporate technology spin-outs. Unlike traditional venture capital firms, New Venture Partners bridges the divide between technology corporations and traditional venture capital to commercialize innovations systematically and provide companies with an alternative path to market. Through its unique hands-on approach, working with its established network of exclusive partners and world-class R&D labs, New Venture Partners has developed an impeccable track-record of successful exit valuations of venture-backed companies. New Venture Partners now has over $650 million under management. See http://www.nvpllc.com for more information.
Tenor for Brisbane Materials
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