Square 1 Bank has provided a credit facility to NanoLumens. Financial terms weren’t announced. Atlanta-based NanoLumens makes and markets flexible and fixed LED displays.
ATLANTA–(BUSINESS WIRE)–Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, announced today it has provided a credit facility to NanoLumens®, the rapidly growing Atlanta-based manufacturer and marketer of award-winning flexible and fixed LED displays. Proceeds from the facility will help fuel continued growth for the company.
“Square 1 Bank has a demonstrated record of success in helping entrepreneurs and their companies rapidly scale their business,” NanoLumens President and CEO Rick Cope noted. “The proceeds of this new credit facility will help us to better meet the rapidly growing demand for our solutions while we continue to develop a host of new products for both current and new markets. The strong and consistent support of our partners at Square 1 Bank is going to play an important role in our continued success.”
Peter Meath, co-founder and senior vice president in Square 1 Bank’s technology banking group added, “I was very impressed with the vision, experienced management team and long-term business plan of NanoLumens. Square 1 is excited to be a part of their continued success in the digital signage space.”
About Square 1 Bank:
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1’s expertise, focus, and strong capital base provide flexible resources and unmatched support to meet our client’s needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley and Washington, DC. For more information, visit square1bank.com.
Headquartered in Atlanta, Georgia, NanoLumens®, Inc. is a privately held company dedicated to making the era of “digital wallpaper” a practical reality for every type of business looking to engage their customers anywhere and everywhere their customers happen to be. NanoLumens flexible and fixed displays are extremely slim, ultra-lightweight, energy efficient, and feature a bright, seamless, high resolution picture quality that can be viewed from any angle throughout the display horizon without color shift or image distortion.
The company’s technology is protected by a portfolio of more than 20 international families of issued and filed patents.