What is CHASM?
CHASM specializes in the manufacturing of carbon nanotechnology hybrid materials, offering innovative alternatives to Indium Tin Oxide (ITO) for the creation of transparent, conductive, and flexible printed circuits. Their product portfolio includes transparent heaters, antennas, and low carbon cement, catering to diverse sectors such as automotive, consumer electronics, and construction. The company's core objective is to enhance product safety, sustainability, and efficiency while actively addressing global challenges like carbon emissions. Through strategic collaborations with manufacturers, CHASM empowers them to differentiate their offerings and push the boundaries of technological advancement.
How much funding has CHASM raised?
CHASM has raised a total of $26M across 2 funding rounds:
Series A
$11M
Series C
$15M
Series A (2018): $11M with participation from NXT Ventures and WAVE Equity Partners
Series C (2021): $15M led by SWM International, Birla Carbon, and WAVE Equity Partners
Key Investors in CHASM
NXT Ventures
NXT Ventures is a venture capital firm specializing in structured financing solutions for the U.S. middle market, with a focus on providing capital for growth and innovation.
WAVE Equity Partners
WAVE Equity Partners is an impact investment firm dedicated to backing growth equity in sustainable and clean energy enterprises, aiming to transform industries with innovative technologies.
SWM International
SWM International operates within the industrial machinery and equipment sector, contributing to the manufacturing landscape with its specialized products and services.
What's next for CHASM?
With its recent major strategic investment, CHASM is poised for significant expansion and innovation. The company's focus on sustainable materials and carbon reduction technologies aligns with growing global demand for environmentally conscious solutions. This latest round of financing will likely fuel further research and development into their carbon nanotechnology applications, potentially leading to new product lines and market penetration in key industries like automotive and construction. CHASM's trajectory suggests a strong emphasis on scaling production and solidifying its position as a key player in the green technology sector.
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