Nanoform

Nanoform

NANOFH.HE
Helsinki, Finland· Est.
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Private Company

Total funding raised: $77.7M

Market Cap: $61.6MFounded: 2015HQ: Helsinki, Finland

Overview

Nanoform is a publicly traded, service-oriented drug delivery company that provides nanoparticle engineering solutions to pharmaceutical and biotech partners. Its core proprietary technology, Controlled Expansion of Supercritical Solutions (CESS®), uses recycled supercritical CO2 to produce pure, excipient-free nanoparticles of both small and large molecules, addressing poor solubility and enabling high-drug-load formulations. The company's strategy is to act as a comprehensive development and manufacturing partner, helping clients improve drug performance from early development through commercialization, with a strong emphasis on sustainability and patient-centric design.

Drug DeliveryNanotechnology

Technology Platform

Controlled Expansion of Supercritical Solutions (CESS®): A green, solvent-free process using recycled supercritical CO2 to produce pure, excipient-free API nanoparticles as small as 10nm, enhancing solubility and enabling novel drug delivery formats.

Funding History

4
Total raised:$77.7M
IPO$40M
Series B$22.6M
Series A$11.5M
Seed$3.6M

Opportunities

The pervasive challenge of poor solubility in drug development (affecting ~70-90% of new chemical entities) creates a vast market for Nanoform's technology.
Additional growth drivers include the demand for patient-friendly, high-drug-load formulations, the expansion of biologic therapeutics requiring advanced delivery, and increasing pharmaceutical industry focus on sustainable 'green' manufacturing processes.

Risk Factors

Revenue is subject to client project timing and potential delays, creating lumpiness.
The novel CESS® technology faces adoption hurdles in a conservative industry and competes with established methods.
Successful commercial-scale execution and navigating regulatory pathways for client drugs using the technology are critical, non-trivial challenges.

Competitive Landscape

Nanoform competes with CDMOs and tech firms offering alternative nanoparticle production methods (e.g., wet milling, spray drying). Its key differentiators are the excipient-free, solvent-free nature of its CESS® process, its strong sustainability profile, and its dual-platform capability addressing both small molecules and sensitive biologics.

Company Timeline

2015Founded

Founded in Helsinki, Finland

2018Series A

Series A: $11.5M

2020IPO

IPO — $40.0M

2020Series B

Series B: $22.6M