2.4 million euros for Smart Nanotubes Technologies

Founder Viktor Bezugly spent twelve years researching the technology for his nanochip before founding the start-up together with Birte Sönnichsen.

Smart Nanotubes Technologies has received 2.4 million euros from investors. The Cottonwood Technology Fund and Duotec led the Series A financing round, with Mittelständische Beteiligungsgesellschaft Sachsen also participating. The LSI Pre-Seed Fund, Technologiegründerfonds Sachsen and TUDAG TU Dresden Aktiengesellschaft invested in the start-up in earlier financing rounds.

"We are delighted to have both Cottonwood and Duotec on board as our latest investors," says co-founder Birte Sönnichsen. "Duotec is known as a very professional partner in electronics production. Cottonwood brings experience in the start-up industry - as well as a global network of relevant companies in Asia and the United States."

Viktor Bezugly and Birte Sönnichsen founded Smart Nanotubes near Dresden in the summer of 2020. The start-up has developed a nanochip that works in a similar way to the receptors in the human nose. The chip can be used in gas sensors, for example, to make them more effective, sensitive and energy-efficient. Bezugly has been researching the technology for twelve years at the University of Dresden. The start-up now wants to use the investment to bring its nanochip to market.