LONDON QuNano AB, a 2005 startup company spun out of Lund University, Sweden, that aims to focus on the optical and electronic properties of silicon heterostructure nanowires, has raised 45 million Swedish krone (about $6.1 million) in a Series A investment round.
The Series A investors, include Provider Venture Partners (Stockholm, Sweden) and Teknoinvest (Oslo, Norway) BTG plc (London) and LU Innovation and LUAB, the investment arm of Lund University.
QuNano (Lund, Sweden) intends to bridge the gap between low-cost silicon and high-performance compound semiconductors offering superior device size, speed and energy efficiency based on heterostructured nanowire devices.
Founded in September 2005, QuNano is a spinoff from the Nanometer Structure Consortium at Lund University that has been created to commercialize the nanowire technology research of Lars Samuelson, Professor of Solid State Physics, and his team.
A portfolio of patent applications covering relevant innovations made by the Lund team has been assigned to QuNano either directly or from BTG. The company said it would continue to with Lund University with access under contract to relevant labs and intellectual property developed there.
Bo Pedersen has been appointed as the chief executive officer of QuNano, while Samuelson is set to serve as chief scientific officer in parallel with his duties with Lund University.
"Heterostructured nanowire technology is receiving growing attention as a novel technology platform with potential to become the base for a broad variety of new, powerful and efficient devices such as field effect transistors, light emitting diodes, nanolasers, solar cells, optical detectors, and various sensors," said Tony Kylberg, a partner of Provider Venture Partners, in a statement issued by QuNano.