The NanoSteel Company, a Providence, RI-based provider of steel alloys made of nano- and micro-sized particles for customers in the mining, offshore oil drilling, and other industries, has raised $8 million of a proposed $11 million round of equity financing, according to an SEC filing. Investors in the round were not specified in the filing, but the firm’s website lists its backers as EnerTech Capital, Milcom Technologies, and Cycad Group. NanoSteel executives were not available for comment earlier this morning.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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