# FunzioNano AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/funzionano

- Industry: Chemicals
- Headquarters: Porsgrunn, Norway
- Website: www.funzionano.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Mar 27, 2018)
- Investors on record: 2

## About

FunzioNano AS develops innovative flame retardant solutions with a commitment to environmental sustainability and safety, targeting industries that require effective fire protection without compromising ecological standards.FunzioNano AS, founded in 2015 in Porsgrunn, Norway, specializes in producing advanced flame retardants. The company raised NOK 24 million in venture funding on June 9, 2018, from Investinor, SINTEF, and Skagerak Capital. Espen Solberg and Morten Eikenes serve as the CEOs, leading a firm that has completed three deals to date.FunzioNano AS specializes in innovative flame retardant solutions that focus on environmental sustainability and non-toxicity. The company's flagship product, D-PYRE™, is a hybrid polymer technology developed specifically for plasticized PVC, enhancing its flame retardancy while ensuring compliance with environmental standards. Launched in early 2020 after over 15 years of research at SINTEF, FunzioNano's offerings aim to address the increasing demand for safer, more efficient flame retardants in various industries, including construction, automotive, and consumer goods. The company serves a diverse clientele, including manufacturers of plastic products and industries seeking environmentally friendly alternatives, primarily in Europe and North America.In the fiscal year 2023, FunzioNano AS reported a revenue of NOK 83,222.80 and an EBITDA of NOK -668,570.80. The company generates revenue primarily through the sale of its D-PYRE™ product and related hybrid polymer technologies to B2B clients, including manufacturers and suppliers in sectors such as construction and automotive. This business model fosters long-term partnerships, enabling clients to integrate FunzioNano's innovative solutions into their production processes, supported by ongoing collaborations with R&D projects aiming to enhance the performance of flame retardants.Looking ahead, FunzioNano AS plans to expand its product line with new innovations designed for the flame retardant market, leveraging insights from ongoing research and development. The company is targeting expansion into new geographic markets, specifically focusing on regions in North America and Asia by 2025. The NOK 24 million raised in June 2018 will be allocated towards these product developments and market expansion efforts, ensuring that FunzioNano AS can meet the growing demand for effective and eco-friendly flame retardant solutions.

## Funding rounds

- Seed, Mar 27, 2018, $0.5M — Investinor
- Seed, Jun 1, 2016 — SINTEF

## Investors

- SINTEF (https://capitalatlas.ai/funds/sintef) — Seed
- Investinor (https://capitalatlas.ai/funds/investinor) — Seed