British EIS scheme proves a winner for technology company's investment
Barcelona, Spain - 21 November 2018. Nano-technology company, Nanusens, has raised over a million Euros (£941,950) from 786 people via Crowdcube. This is a pre-Series A funding round and will enable to company to invest in R&D and additional staff as well as accelerate product roll out.
Nanusens CEO, Dr Josep Montanyà i Silvestre, explained: "The company's original target for investment was £400,000 and we were swamped by people interested in investing in our novel technology. However, the majority of them were tech-savvy investors from the UK who wanted to invest using the British Enterprise Investment Scheme (EIS) scheme that incentivises investment in UK companies. In order to qualify for this, we moved the company's base from Barcelona to the UK. It took a couple of months to have this recognised for EIS so we kept the Crowdcube open until it was formally approved and then investment more than doubled our target."
Until now, sensors had to come off the standard CMOS production line to have the MEMS created on them using different processes. Nanusens multi-patent pending technology enables it to create nano-sensors using a standard CMOS processes within the same production flow as the rest of the chip production. This innovative approach dramatically reduces the size and cost of the sensors along with up to 85% reduction in the time to market. Nanusens believes that its disruptive technology will revolutionise the sensor market and meet the ever-increasing demand for low cost sensors in smartphones, wearable technology and IoT devices that has already made sensors a multi-billion dollar industry
How the Nanusens sensors are made using standard CMOS processes
The Inter Metal Dielectric (IMD) is etched away through the pad openings in the passivation layer using vapour HF (vHF) to create the nano-sensor structures. The holes are then sealed and the chip packaged as necessary. As only a standard CMOS process with minimal post-processing is used, and the sensors can be directly integrated with active circuitry as required, the sensors can potentially have high yields similar to CMOS devices.
Further details can be seen at https://vimeo.com/258745205
The Nanusens team
About Nanusens www.nanusens.com
Founded in 2014, Nanusens is pioneering the development of nano-scale sensors that overcome a major problem of MEMS inertial sensors - stiction - by two orders of magnitude by reducing the sensor size by an order of magnitude into the nano-realm. Nanusens is VC funded by Inveready ( www.inveready.com/venture-capital/), Caixa Capital Risc ( www.caixacapitalrisc.es/en/) and Dieco Capital ( www.dieco-capital.com).
Tel +34 935824466 Email Contact
Enterprise Investment Scheme
EIS is designed so that a company can raise money to help grow its business. It does this by offering tax reliefs to individual investors who buy new shares in a company. https://www.gov.uk/guidance/venture-capital-schemes-apply-for-the-enterprise-investment-scheme
Media contact: Nigel Robson, Vortex PR. Email Contact +44 1481 233080