Optiva Raises $30M; Appoints Board Members

SOUTH SAN FRANCISCO, Calif., Jan. 8 --Nanomaterial developer Optiva Inc. has announced the second closing of $21 million to its oversubscribed Series C funding, bringing the total funding for the round to $30 million. JPMorgan Partners led the funding. Participating in the second closing were Korea's Daehong Corp. and Eastman Chemical Co., and previous investors Fidulex Management Inc., Harris & Harris Group, Merifin Capital N.V. and NextGen Partners LLC.

Optiva also announced that Rodney Ferguson and Alan Marty of JPMorgan Partners have joined its board of directors.

The funds will be used to expand operations, sales and application support efforts and to support ongoing research and development efforts to enhance Optiva's Thin-Crystal Film technology. The company's first products are a new class of self-assembling polarizers, retarders and enhancement films for the $28 billion flat-panel display industry.

For more information, visit: www.optivainc.com