# Nelumbo

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

- Industry: Materials
- Headquarters: Hayward, US
- Website: www.nelumbo.io/
- Total disclosed funding: $20M
- Latest round: Series A (Apr 16, 2020)
- Investors on record: 10

## About

Based in California, US, and founded in 2015, Nelumbo Inc. operates a software development company that offers an advanced-surface modifications platform through nanostructure technology in structural materials for carbon emission and energy use reductions. In May 2024, Nelumbo Inc. received USD 2.9 million in grant funding led by the California Energy Commission. As of 2022, the company is led by its CEO Liam Berryman.

The company offers a platform for structural materials and provides designed surface that helps HVAC systems by keeping cold surfaces dry in all environments. The product offered by the firm helps cooling equipment operate frost-free. IceNein offered by the firm provides surface treatment applied to components inside frost-impacted systems like heat pumps and refrigerators.

The company plans to use the May 2024 funding to use IceNein® to revolutionize cold storage and hasten deployment.

## Funding rounds

- Series A, Apr 16, 2020, $14M — University of Tokyo Edge Capital Partners, Danfoss A/S, Darwin Venture Management, Photon Fund, Berkeley Catalyst Fund, Prime Movers Lab, Safar Partners, Harmonix
- Series A, Jul 27, 2018, $5.5M — Danfoss A/S, UPC Renewables, 1517 Fund, Photon Fund, Berkeley Catalyst Fund

## Investors

- Danfoss A/S — Series A
- UPC Renewables — Series A
- 1517 Fund (https://capitalatlas.ai/funds/1517-fund) — Series A
- Photon Fund (https://capitalatlas.ai/funds/photon-fund) — Series A
- Berkeley Catalyst Fund (https://capitalatlas.ai/funds/berkeley-catalyst-fund) — Series A
- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series A
- Darwin Venture Management (https://capitalatlas.ai/funds/darwin-venture-management) — Series A
- Prime Movers Lab (https://capitalatlas.ai/funds/prime-movers-lab) — Series A
- Safar Partners (https://capitalatlas.ai/funds/safar-partners) — Series A
- Harmonix — Series A