NuMat Technologies Closes $12.4 Million in Funding

NuMat Technologies completed a $12.4 million financing round led by OS Fund, with participation by Osage University Partners, Tin Shed Ventures (Patagonia’s strategic investment arm), and other existing investors.

According to the company, NuMat is the first company in the world to commercialize products enabled by metal-organic frameworks (MOFs), an innovative class of nanomaterials. NuMat precisely designs and integrates MOFs into next-generation storage, separation, and purification systems with flexibility in form factors, improved performance, and cost-advantaged production economics.

NuMat plans to use the capital to expand the company’s high-throughput computational and experimentation capabilities and to increase its manufacturing footprint in the United States, Europe, and East Asia.