News

SEC filing: NanoLumens raising $6 million for overseas expansion

April 14, 2013

The flexible display maker NanoLumens is about halfway through a $6 million fundraising round that it will use to expand overseas.

The Atlanta Business Chronicle reported that the Georgia-based company revealed the fundraising plans in a recent Securities & Exchange Commission filing. The company said it has raised about $3 million.

NanoLumens' professional displays can top 225 inches and fetch $650,000. They can be wrapped around columns and mounted on curved walls. Its giant screens are energy-efficient — its 112-inch digital display, for example, is thinner than a candy bar and requires as much power as a coffee maker.

According to the business journal, the new capital has been raised from existing investors, including resort developer and pharma and motor sports entrepreneur Don Panoz, and will help the company expand into high-growth Middle East and Southeast Asia, as well as to help pay for marketing.

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