NuMat Technologies is an advanced-technology company that designs and integrates metal-organic frameworks (MOFs) into next-generation storage, separation and purification systems. The firm uses high-performance computing alongside chemistry and hardware development to program MOFs to interact with target molecules and create custom solutions. NuMat serves markets including semiconductor gas storage, resource recovery, pharmaceuticals, medical and energy sectors, and open-loop recycling. The company pairs material-discovery software with application development and manufacturing expertise as a total solutions platform. Recent operational milestones include an ISO9001 production line in Skokie, Illinois and an ION-X gas fill plant in Sihwa, South Korea built with partner Versum. NuMat will use new capital to expand high-throughput computational and experimentation capabilities and to increase manufacturing footprint to meet customer demand in the United States, Europe and East Asia. NuMat Technologies commercializes nanoporous materials—Metal Organic Frameworks (MOFs)—to improve gas storage and separations. Its MOFs have extremely high surface area and can store gases at much lower pressures, for example storing methane at approximately one-fifth the pressure of existing compressed natural gas solutions. The company uses a proprietary computational approach and patent-protected chemical processes to rapidly design and synthesize novel structures. NuMat aims to address the compression obstacle for gas storage and transportation applications and move toward commercialization of its materials. The company recently moved into a new research facility at the Illinois Science and Technology Park in Skokie, Illinois, and named a Board of Directors that includes founders Ben Hernandez and Dr. Omar Farha. NuMat closed a $2.0 million seed round and has raised $2.4 million to date to fund development and commercialization efforts.

Total raised

$14M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2018