Quantum Dot and MicroLED Pioneer Nanosys Secures Over $50 Million in Growth Capital Financing

July 25, 2022
3 min read

Growth investment, led by Fortress, Centerbridge and Kilonova, supports the expansion of quantum dots for LCDs and accelerates the commercialization of microLED and nanoLED display technologies

Silicon Valley, Calif., July 25, 2022 – Nanosys, the industry innovator and leading supplier of quantum dot and microLED technologies for advanced displays, today announced that it has raised more than $50 million in Series B equity and debt financing. The initial close of this round includes as new investors funds managed by affiliates of Fortress Investment Group, Centerbridge Partners and Kilonova Capital.

“This is a major milestone for Nanosys, adding capital and resources needed to enable us to expand our development of industry-leading innovative technologies, including quantum dots, microLEDs and nanoLEDs, which will be rapid growth drivers for 2023 and beyond,” said Jason Hartlove, President and Chief Executive Officer of Nanosys. “We are pleased to partner with Fortress, Centerbridge and Kilonova. The commitment from these respected institutions provides strong validation of our business model, team, intellectual property and market opportunity.”

The Series B financing round, Nanosys' largest to date, supports the continued rapid expansion of QDEF™ and xQDEF™ quantum dot technologies for LCDs, and drives the commercialization of Nanosys microLED technology platform as well as the development of next-generation nanoLEDs.

"Nanosys has built an exceptional business powered by proven, innovative technologies protected by strong intellectual property," said James Palmer, Managing Director of the IP Finance Group at Fortress. “We are excited to provide a capital solution that positions Nanosys for significant growth in the years ahead.”

“Jason and the Nanosys team are poised to drive excellent performance and exciting innovation in the display industry,” said Shanshan Cao, Senior Managing Director at Centerbridge. “We look forward to our partnership and supporting the Company in the next stage of its growth.”

Wes Goldstein, a Founder and Partner at Kilonova Capital added, “We have developed significant conviction that quantum dot enabled LCD displays will experience strong growth over the next several years and look forward to partnering with Nanosys.”

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About Nanosys

Nanosys, Inc. is the leader in developing and delivering quantum dot and microLED technology to the display industry. As of the first half of 2022, industry-leading consumer electronics brands have shipped more than 60 million devices in over 850 unique products from tablets to monitors and TVs with Nanosys’ proprietary quantum dot technology. Founded in 2001, the company is headquartered in Silicon Valley, California where it operates the world’s largest quantum dot nanomaterials fab. Nanosys owns or has exclusive license rights to more than 900 issued and pending patents worldwide.

About Fortress Investment Group

Fortress Investment Group LLC is a leading, highly diversified global investment manager with approximately $53 billion of assets under management as of March 31, 2022. Founded in 1998, Fortress manages assets on behalf of approximately 1,800 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies.

About Centerbridge Partners L.P.

Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — private equity, credit and real estate — in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and as of April 30, 2022 has approximately $34 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit www.centerbridge.com [centerbridge.com].

About Kilonova Capital

Kilonova Capital is a San Francisco-based investment firm that buys, builds, and invests in private technology companies. Kilonova provides structured, disciplined capital and invests across both the life-cycle and capital structure of a company. Kilonova focuses on non-conforming investment opportunities and has the flexibility and creativity to solve complex situations. Kilonova structures its investments to align the interests of shareholders and management and provides value-added capital and resources to operate and scale companies efficiently and effectively.