Singapore Nanostart (OTCQX: NASRY) investment BioMers has successfully
concluded a round of financing for around SGD 6 million (approximately
€3.5 million). Its new investors include a further venture capital fund
and several private investors. Nanostart is investing pro rata in this
financing round and thereby keeping Nanostart Singapore Early Stage
Venture Fund’s share in BioMers largely constant at about 24%.
Andreas Kröll, Managing Director of Nanostart Asia, commented:
"Investors had a very keen interest in acquiring a stake in BioMers,
which confirms the enormous potential the company has for decisively
shaping the market for esthetic dental correction.”
The new funding is intended for the further expansion of BioMers. This
includes building a new production facility in Singapore, expanding the
sales and marketing team and sales and marketing support activities
focusing on Singapore, the US and selected countries in Europe.
About Nanostart:
Nanostart AG (OTCQX: NASRY) headquartered in the German financial
capital of Frankfurt, is a leading nanotechnology investment company,
with portfolio companies spanning the globe from Silicon Valley to
Singapore. The company provides venture capital financing for
nanotechnology companies in various growth phases with a focus on
innovation-driven industries of the future such as cleantech, life
sciences and IT/electronics. Through its subsidiary Nanostart Asia and
the venture capital fund in Singapore, Nanostart is proud to be the
investment partner of the Singaporean government. For further
information, please visit www.nanostart.de.
About BioMers:
BioMers is a medical device company that has developed novel polymer
composite products for numerous biomedical applications. The company’s
flagship product is the SimpliClear™ braces system, which is the world’s
first and only aesthetic solution for all types of orthodontic
treatments. This translucent, almost invisible braces system is
customized to each patient, providing faster and better results.
Established in 2005, BioMers is a spin-off company from the National
University of Singapore, where the technology was invented. BioMers has
received seed funding from NUS Enterprise, venture capital funding from
the Nanostart Singapore Early Stage Venture Fund, and grants from
government agencies, including SPRING Singapore and the Economic
Development Board. For more information, please visit www.biomersbraces.com.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the "Entry Standard” segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice
nor the information contained within is intended for direct or indirect
distribution within Canada, Australia or Japan.
