# Nanotech Semiconductor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nanotech-semiconductor

- Industry: Electronics
- Headquarters: Bristol, UK
- Website: www.nanosemi.co.uk
- Total disclosed funding: $8M
- Latest round: Series A (May 25, 2005)
- Investors on record: 2

## About

Nanotech Semiconductor is a technology company specializing in innovative solutions for lost and found applications, enhancing user experiences through advanced GPS tracking technology.Founded in 2003 and headquartered in Bristol, UK, Nanotech Semiconductor focuses on providing technology solutions tailored for lost item recovery. The company has executed a total of 6 deals, with the most recent being a Trade Sale valued at USD 34.00 mn to Gennum Corporation on April 6, 2011. The company has not undergone any major pivots or changes in strategy since its inception.NanoSemi.co.uk specializes in the development and provision of innovative technology solutions primarily focusing on lost and found applications. Their flagship product, the Herq app, utilizes advanced GPS tracking technology to assist users in locating misplaced items. Additionally, the company operates Hostel Bovec, an affordable accommodation option in Slovenia, enhancing travelers' experiences with access to nature and community activities. The Herq app targets a global market, available on both Android and iOS platforms, while Hostel Bovec caters to a diverse clientele looking for comfort in nature.In the most recent fiscal year of 2023, Nanotech Semiconductor reported a revenue of USD 152.67 mn and an EBITDA of USD 40.21 mn. The company's revenue model integrates direct-to-consumer sales and service subscriptions, particularly focusing on the Herq app and the accommodation services of Hostel Bovec.Moving forward, Nanotech Semiconductor aims to enhance its product offerings by launching new features for the Herq app, targeting a release in late 2023. The company also plans to expand its services into new geographic regions, including key markets in Europe and North America, by 2025. The recent funding of USD 34.00 mn from the Trade Sale will be utilized to support these growth initiatives.

## Funding rounds

- Series A, May 25, 2005, $6.8M — Pond Venture Partners, Atlantic Bridge
- Seed, Oct 29, 2004, $1.2M — Pond Venture Partners, Atlantic Bridge

## Investors

- Pond Venture Partners (https://capitalatlas.ai/funds/pond-venture-partners) — Seed, Series A
- Atlantic Bridge (https://capitalatlas.ai/funds/atlantic-bridge) — Seed, Series A