WilmerHale Reps Nantero in $21M Financing for Carbon Nanotube Computer Memory

WilmerHale Reps Nantero in $21M Financing for Carbon Nanotube Computer Memory

News

Nantero Inc., the nanotechnology company developing next-generation memory using carbon nanotubes, announced the closing of more than $21 million financing round. The lead investor in the round was Globespan Capital Partners and also included participation from both new and existing strategic and financial investors. Nantero currently has more than a dozen partners and customers in the consumer electronics, enterprise systems, and semiconductor industries actively working on NRAM®. 

The new funding will enable the company to support these partners in bringing multiple products into the market, while also enabling new customers to begin development. This financing round brings the total invested in Nantero to date to more than $110 million.

The WilmerHale deal team was led by Partner Jay Bothwick and included Senior Associate Jenna Ventorino and Associate Alyce Chen.

Read Nantero's formal press release.