# Modumetal

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

- Industry: Materials
- Headquarters: Snohomish, US
- Website: www.modumetal.com
- Total disclosed funding: $17M
- Latest round: Series A (Jul 13, 2021)
- Investors on record: 4

## About

Modumetal, Inc. is a manufacturing company innovating advanced nanolaminated materials that enhance the performance, durability, and sustainability of metals across various industries.Founded in 2007 and headquartered in Snohomish, US, Modumetal, Inc. specializes in nanolaminated materials. The company has raised a total of USD 15.00 mn through its Series A funding round in July 2021, co-led by Atlas Innovate and Rotor Capital. CEO Dennis Creech leads the firm as it continues to develop new applications for its technology. No known changes in business strategy or ownership have been reported.Modumetal specializes in the development and manufacturing of advanced nanolaminated materials designed to significantly improve the performance and durability of conventional metals. Key product offerings include trademarked alloys such as NanoGalv®, NanoPlex®, and ModuGalv®, which provide superior corrosion resistance and strength for a variety of industrial applications, particularly in the Oil & Gas, automotive, and marine sectors. Their innovative technology enables the growth of nanolaminated alloys on base materials, contributing to enhanced structural integrity while reducing environmental impact.The company generates revenue primarily through direct business-to-business transactions with clients across various sectors. Their flagship products, such as NanoGalv®, are integrated into client specifications for safety-critical applications within the Oil & Gas industry, driving demand. Modumetal operates through a partnership model, collaborating with licensees like Lamons' ModuCoatings division, which broadens market reach. Revenue is supplemented by direct sales of nanolaminated alloys, structured around volume-based agreements tailored to the needs of industrial clients, reflecting their advanced technology.In July 2021, Modumetal, Inc. raised USD 15 mn in Series A funding aimed at accelerating the commercialization of its oil and gas coating solutions, scaling its operations, and expanding its customer base into new key industries, including automotive and sustainable energy. The company plans to introduce additional products designed for these markets and target specific geographic expansions in North America and Europe by the end of 2023, effectively utilizing the recent funding to support these initiatives.

## Funding rounds

- Series A, Jul 13, 2021, $15M — Rotor Capital, Atlas Innovate
- Series B, Jun 11, 2010 — Catamount Ventures
- Series A, Apr 3, 2007, $1.7M — Second Avenue Partners

## Investors

- Second Avenue Partners (https://capitalatlas.ai/funds/second-avenue-partners) — Series A
- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Series B
- Rotor Capital (https://capitalatlas.ai/funds/rotor-capital) — Series A
- Atlas Innovate (https://capitalatlas.ai/funds/atlas-innovate) — Series A