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Novinium Nets $6 Million In New Venture Capital

Thursday, April 03, 2008 5:57:00 AM PDT | VentureDeal Staff

KENT, WA -- Advanced materials maker Novinium announced that it has raised a series C venture capital round totaling $6 million.

Novinium provides materials that rehabilitate and rejuvenate underground telecommunications and utility cables to extend their useful life.  Novinium has been in business for over two decades.

Nomura led the round, which included other unspecified investors.  The company said it would use the funds for continued product development and to continue its "rapid pace" of growth.

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