Venture Capital
Company moves into new, Hayward, California facility that includes an R&D lab, testing center and a pilot production plant HAYWARD, Calif., November 14, 2018-- Surface Modification Technology startup Nelumbo has raised $5.5 million in a Series A offering led by the Berkeley Catalyst Fund with syndicate partners that include Photon Fund, 1517 Fund, UPC Renewables, and Danfoss. The Series A financing, which was oversubscribed, enables Nelumbo to bring first products to market and establish additional strategic partnerships focused on developing and commercializing new products.