July 22, 2009
VC Firm, Stoneham Partners Invests $5.1 Million in Series 2 Funding for Vorbeck Materials
Vorbeck Materials announced today that it has secured $5.1 million in series 2 funding as well as appointing two new people to its board of directors. Vorbeck Materials is a company that creates and develops unique and revolutionary inks for electronic reading. Since its founding in 2006, Vorbeck develops inks that have electric charges which can be used as conductors in many electronic components. The flagship product of Vorbeck Materials is Vor-Ink. Vor-Ink is a special electro-conductive ink that can be used in the creation of printed electronics and to make printed electronic applications much easier to develop. Vor-Ink is based off of Vorbeckâ€™s Vorx Graphene Technology. Some of the things that Vor-Ink can be used for is the creation of sensors, electrodes, RFID chips, etc.
Vorx Graphene Technology is a technology that uses graphene as an electrical conductor. It has been a known fact for a long time that graphene is a very good conductor of electricity and the incorporation of graphene in the companyâ€™s inks and other micro electronic components can greatly improve the quality and cost effectiveness of any given product that employs micro electronics.
Along with the financing, two new people will join Vorbeckâ€™s board of directors. These two people are the Honorable Kristen V. Silverberg, former ambassador of the United States to the European Union; and Dr. Robert Hirsch, former Global Managing Director for the vc arm of DuPont.
Stoneham Partners is a privately owned vc firm that works together with the Maryland Economic Business Development Department along with a syndicate of private investors.
For more information about Vorbeck Partners, click here.
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Comment by free article unique — December 30, 2011 @ 1:55 pm