About this raise
BNNano, with a valuation of $23.7 million, is raising funds on NetCapital. It is an advanced manufacturing company that has developed a patent-pending Boron Nitride Nanotube, NanoBarb. NanoBarb is added to commodities to improve a material’s natural properties and make it extraordinary. BNNano’s product has received several awards and includes customers like NASA, United States Navy, Kairos, and True Velocity. Steve Wilcenski and Jason Taylor founded BNNano in December 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,000,002. The campaign proceeds will be used for facilities improvements, product development, sales and marketing, research and development, and capital equipment.
Investment Overview
Invested $212,374 :
Deal Terms
Company & Team
Company
- Year Founded
- 2016
- Industry
- Industrial Services
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- High
Financials
- Revenue +74% YoY
- $112,114
- Monthly Burn
- $79,744
-
Runway
- 5.2 months
- Gross Margin
- 69%
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Edge
BNNano has developed a material that’s lightweight, yet strong as steel. It gives aluminum the strength of steel and polyester the strength of kevlar. It can be used for fire prevention, water purification, biomedical purposes, hypersonic flight, green energy, and new composites that challenge our ideas on what materials can do. And BNNano is the only company that's been able to commercialize it.
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,678,010
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.