Darra, QLD, Australia and Menlo Park, CA USA, June 18, 2017 — Brisbane Materials, a specialty materials company, today announced that the company has closed its Series B Funding. Participants in the round included existing investors New Venture Partners LLC, the Southern Cross Renewable Energy Fund (REVCF), and Softbank China Venture Capital (SBCVC), along with new investor Uniseed and the company’s management team.
Brisbane Materials is a specialty materials company creating innovative solutions for LED lighting, solar, and other applications. Based in the greater Brisbane area in Queensland Australia and Silicon Valley California USA, the company has patented technologies for creating high performance, low-cost coatings of metal oxides made from liquid precursors. These coatings can be used to improve the efficiency, reliability and performance of LED and other devices. Examples of the company’s products include: anti-reflective coatings that minimize Fresnel losses of LED optics e.g. lenses and covers; barrier layer coatings that reduce sulfur tarnishing; and planarizing layers that reduce light scattering and improve light coupling.
Uniseed Chief Executive Officer, Peter Devine, said: “Brisbane Materials is poised to pioneer the application of anti-reflective coatings to the LED market and deliver best-in-class efficiencies. After several years of development and optimization, Brisbane Materials have established a unique product-market fit and have the potential to quickly expand into adjacent market segments.”
Enquiries: Dr. Gary H. Wiseman, CEO, Brisbane Materials; gwiseman@brismat.com
ABOUT BRISBANE MATERIALS
Brisbane Materials is a specialty materials company focusing on creating innovative materials solutions for LED components and luminaires, and other applications. Based in the greater Brisbane area QLD Australia and Silicon Valley California, the company has patented technology for creating high performance, low-cost large-area coatings of metal oxides made at room temperature or low temperature and atmospheric pressure. For LED applications, the company’s coatings provide a cost-effective way to increase the efficiency, reliability and/or lifetime of the device. For more information, see www.brismat.com.
ABOUT UNISEED
Uniseed is a venture fund operating at the Universities of Melbourne, Queensland, New South Wales and Sydney, as well as the CSIRO in Australia. Uniseed’s mandate is to facilitate the commercialisation of research partner generated intellectual property by targeted investment in highly promising technologies. Uniseed helps researchers from its partner research organisations to turn their ideas into products and services and to support innovations that solve market problems and create a positive impact for the community. Uniseed’s investments cover a range of technology sectors and to date, the fund has exited four investments through trade sales and one investment through asset sale. A number of companies in Uniseed’s investment portfolio also have products on the market, or are collaborating with leading global companies in their respective fields. For more information, go to www.uniseed.com.
ABOUT THE SOUTHERN CROSS RENEWABLE ENERGY FUND
The Southern Cross Renewable Energy Fund (SCREF) is a pan pacific partnership between top tier Chinese venture capital manager Softbank China Venture Capital (SBCVC) and the Australian Renewable Energy Agency (ARENA). The fund provides management expertise and makes equity investments in early-stage renewable energy companies to help them overcome capital constraints, develop technologies, increase skills and forge international connections. The AUD$120M SCREF fund is managed by Southern Cross Venture Partners located in Palo Alto, CA and Sydney Australia. See https://www.sxvp.com/revc-fund/ for more information.
ABOUT NEW VENTURE PARTNERS LLC
Formed in December 2001, New Venture Partners is a pioneering venture capital investment firm focused on corporate technology spin-outs. Unlike traditional venture capital firms, New Venture Partners bridges the divide between technology corporations and traditional venture capital to commercialize innovations systematically and provide companies with an alternative path to market. Through its unique hands-on approach, working with its established network of exclusive partners and world-class R&D labs, New Venture Partners has developed an impeccable track-record of successful exit valuations of venture-backed companies. See www.nvpllc.com for more information.