Summit Nanotech Corporation
Latest round
- Series A
Last raised
- Jan 2023
Total raised
- $64M
Investors
- 13
About Summit Nanotech Corporation
Founded in 2018, Summit Nanotech Corporation operates in Calgary, Canada, focusing on the development of direct lithium extraction technology.Summit Nanotech specializes in direct lithium extraction (DLE) technology, primarily through its flagship denaLi™ products. This innovative technology utilizes a market-leading DLE sorbent system to efficiently extract lithium from brine, achieving a lower levelized cost of lithium production compared to traditional methods. The end use cases for this technology are primarily situated within the rapidly growing electric vehicle (EV) market, which is expected to drive significant demand for lithium-ion batteries in the coming years. Summit's customer base includes battery manufacturers and EV producers, who benefit from the advanced efficiency and reduced resource consumption provided by the company's extraction systems.Summit Nanotech's revenue model is anchored in business-to-business (B2B) transactions, focusing on partnerships with battery manufacturers and electric vehicle manufacturers seeking efficient lithium sourcing solutions. The company engages in direct sales of its denaLi™ DLE technology, which is structured around long-term contracts that ensure ongoing supply of lithium extraction services. Pricing structures for these contracts are based on the amount of lithium extracted or on a subscription model that includes technology licensing, maintenance, and support services. These arrangements support the scalability of Summit's operations while providing clients with predictable costs associated with lithium procurement. Summit plans to introduce new products based on its DLE technology and expand into additional markets to meet the growing demand for lithium in the electric vehicle sector.
Who invested in Summit Nanotech Corporation
13 investors across 4 rounds
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Questions about Summit Nanotech Corporation
Who invested in Summit Nanotech Corporation?
Summit Nanotech Corporation has 13 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Summit Nanotech Corporation raised?
Summit Nanotech Corporation has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Summit Nanotech Corporation last raise money?
Summit Nanotech Corporation's most recent round on record is a Series A, in Jan 2023.
What does Summit Nanotech Corporation do?
Founded in 2018, Summit Nanotech Corporation operates in Calgary, Canada, focusing on the development of direct lithium extraction technology.
Where is Summit Nanotech Corporation headquartered?
Summit Nanotech Corporation is headquartered in Calgary, Canada.
Which VCs invest in companies like Summit Nanotech Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back mining companies at Summit Nanotech Corporation's stage. Their profiles are linked below.
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