Nanoparticle and electronic inks provider Intrinsiq Materials Inc. has closed a $4.1 million funding round led by Ithaca’s Cayuga Venture Fund, officials said Monday.
Part of the funding from Cayuga Venture Fund came through the Innovate NY Fund. Other participants in the round include Trillium International LP., Rand Capital SBIC Inc. and the Rochester Angel Fund LLC. Individual investors also participated.
The funds are expected to help the company, located on Ridgeway Avenue, continue its research and development and commercialization of products for printed circuit boards, solid state lighting, smart media, biosensors and other areas, said Robert Cournoyer, CEO of Intrinsiq Materials.
“Intrinsiq Materials has innovative technology for manufacturing conductive nanoparticle inks at scale that are and will help to enable the next generation of products in the printed and flexible electronics industry,” said Jennifer Tegan, partner at Cayuga Venture Fund. “We are excited to provide our support and work with the experienced team at Intrinsiq to see it continue to grow.”
Tegan is to join the Rochester company’s board of directors.
Intrinsiq Materials operates research and manufacturing facilities in Rochester and in the United Kingdom. It employs nine staffers here.
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