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Start-ups

NuMat raises $12.4 million to commercialize MOFs

by Michael McCoy
May 6, 2018 | A version of this story appeared in Volume 96, Issue 19
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NuMat Technologies, a developer of products based on metal-organic frameworks, has completed a $12.4 million financing round, bringing its fundraising to date to about $20 million. Participants included OS Fund, Osage University Partners, and Tin Shed Ventures, Patagonia’s investment arm. NuMat, which was one of C&EN’s 10 Start-Ups to Watch in 2016, says it will use the funds to boost manufacturing and expand high-throughput experimentation.

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