# CHASM Advanced Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chasm-advanced-materials

- Industry: Electronics
- Headquarters: Canton, US
- Website: www.chasmtek.com
- Total disclosed funding: $26M
- Latest round: Series C (Aug 17, 2021)
- Investors on record: 4

## About

CHASM Advanced Materials, Inc. is a US-based company specializing in advanced carbon nanotechnology products that enhance performance and sustainability across multiple industries.Founded in 2015 in Canton, US, CHASM Advanced Materials, Inc. focuses on developing innovative carbon nanotechnology solutions. The company was co-founded by David Arthur and Robert Praino, both of whom have extensive backgrounds in technology and engineering. The firm has executed a total of 5 deals, with the most recent deal occurring on August 17, 2021. In this Series C funding round, CHASM raised USD 15.00 mn led by WAVE Equity Partners, with participation from Birla Carbon USA Inc and Schweitzer-Mauduit International. This funding has brought the total amount raised to USD 15.00 mn.CHASM specializes in advanced carbon nanotechnology products, focusing on solutions that enhance performance and sustainability across various industries. Their core offerings include Nanotube Hybrid Technology, which significantly improves the mechanical properties of materials, thereby enabling the production of low carbon cement that can reduce the carbon footprint of concrete by more than 50%. The company also provides transparent heaters for automotive applications, ensuring sensors remain operational in adverse weather conditions. Additionally, CHASM develops transparent antennas and EMI shielding solutions that are essential for consumer electronics, automotive, and industrial applications, serving a diverse client base primarily in North America, Europe, and Asia.CHASM generates revenue through direct sales of its innovative products to business clients in various sectors. The company's transaction structure typically involves B2B agreements, where manufacturers purchase technology solutions for integration into their own products. For instance, automotive manufacturers may acquire CHASM's transparent heater technology to enhance vehicle features, while construction companies may utilize low carbon cement solutions for sustainable building projects. Pricing models are structured around individual contracts tailored to client specifications, with options for bulk purchasing agreements based on product lines such as their flagship Nanotube Hybrid materials and transparent antennas.In August 2021, CHASM Advanced Materials, Inc. raised USD 15.00 mn in Series C funding led by WAVE Equity Partners to accelerate the commercialization of its AgeNT products for transparent printed electronics, NTeC products for energy storage, and a wide range of composites applications, including the upcoming launch of CHASM-H2O. The company aims to expand into new markets in Europe and Asia by the end of 2023, enhancing its footprint in the global nanotechnology sector.

## Funding rounds

- Series C, Aug 17, 2021, $15M — WAVE Equity Partners, Schweitzer-Mauduit International, Birla Carbon USA Inc
- Series A, Oct 2, 2018, $11M — WAVE Equity Partners, NXT Ventures

## Investors

- WAVE Equity Partners (https://capitalatlas.ai/funds/wave-equity-partners) — Series A, Series C
- NXT Ventures (https://capitalatlas.ai/funds/nxt-ventures) — Series A
- Schweitzer-Mauduit International — Series C
- Birla Carbon USA Inc — Series C