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NanoSteel Garners $8 Million In Venture Capital Funding

Tuesday, August 25, 2009 5:54:00 AM PDT | VentureDeal Staff

Providence, Rhode Island  --  Advanced materials company NanoSteel Company has received $8 million in a new round of institutional venture capital financing.

NanoSteel says that it has "created a unique and proprietary portfolio of nanotechnology based in environmentally friendly steel alloys."

Investors in the round included EnerTech Capital and Cycad Group.  Proceeds purposes were not disclosed by the company.

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