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FunzioNano AS is a Porsgrunn, Norway-based chemical and materials company that develops and produces hybrid nanoparticles and chemical building blocks to improve the properties of plastics and polymers. The organization focuses on functional nanotechnology-based hybrid polymers, commercializing its core product, D-PYRE™, as a non-toxic flame retardant specifically designed for plasticized PVC. Backed by $2.98 million in funding across two rounds, the enterprise has received capital and grant support from recognizable entities including SINTEF, the European Union, and Investinor. Prior to its commercialization phase, the underlying technology benefited from over €10 million in research and development expenditures, though the company currently operates with a lean structure of just one employee as of late 2022. Led by Chief Executive Officer Morten Eikenes, FunzioNano AS was established to commercialize this research and was officially founded in 2015.
FunzioNano AS has raised $3.5M across 2 funding rounds.
FunzioNano AS has raised $3.5M in total across 2 funding rounds.
FunzioNano AS has raised $3.5M across 2 funding rounds. Most recently, it raised $3.0M Series U in June 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2018 | $3M Series U | — | Investinor | Announced |
| Mar 1, 2018 | $520K Seed | — | Investinor | Announced |
Funzionano AS is a Norwegian technology company specializing in specialty chemicals through nanotechnology, developing hybrid nanoparticles and chemical "building blocks" that enhance material properties such as flame retardancy, hydrophobicity, and gas barrier efficiency.[1][2][5] The company produces functional nanotechnology-based hybrid polymers, including its flagship product D-PYRE™, an environmentally friendly, non-toxic, POSS-based flame retardant for plasticized PVC launched in early 2020.[2] It serves industries needing improved commodity materials, like plastics and polymers, solving problems of safety, durability, and environmental compliance by "lifting" standard materials with tailored nano-enhancements.[2][3][4] With roots in over 15 years of SINTEF research and funding exceeding $5M, Funzionano shows steady growth from R&D commercialization since 2015.[2][6]
Funzionano AS was founded in November 2015 in Porsgrunn, Norway, to commercialize the FunzioNano® technology platform developed at SINTEF, Norway's leading research institution, over 13 years (2002-2015) with MNOK 80 invested in R&D.[1][2] The core technology stemmed from SINTEF's innovation in hybrid nanoparticles, evolving from basic research into scalable production of material-enhancing hybrid polymers.[2][4] Early traction came from this proven tech transfer, enabling the company to launch D-PYRE™ in 2020 as its first market-ready product, marking a pivotal shift from lab to industry application.[2]
Funzionano rides the nanotechnology wave in sustainable materials, aligning with global pushes for greener chemicals amid stricter EU regulations on flame retardants and plastics (e.g., REACH compliance).[2] Timing is ideal post-2020, as industries face pressure to replace toxic additives with nano-hybrid alternatives, fueled by market forces like rising demand for lightweight, durable composites in automotive, construction, and packaging.[4][5][6] The company influences the ecosystem by bridging academic research (SINTEF) to commercial scale, accelerating nano-adoption in commodity sectors and supporting Norway's innovation-driven chemicals hub.[1][2][3]
Funzionano is poised for expansion by scaling D-PYRE™ production and expanding its FunzioNano® platform to new applications like advanced coatings or batteries, capitalizing on $5M+ funding for global partnerships.[2][6] Trends in circular economy and nano-regulation will propel growth, potentially evolving its role from niche innovator to key supplier in sustainable polymers. As materials tech converges with climate goals, Funzionano's SINTEF heritage positions it to redefine "building blocks" for safer, smarter everyday materials—echoing its mission to innovate where chemistry meets necessity.[2][4]
FunzioNano AS has raised $3.5M in total across 2 funding rounds.
FunzioNano AS's investors include Investinor.
