- Companies
- OCSiAl Group
OCSiAl Group Valuation, Funding & Investors
OCSiAl Group is valued at $2.3B as of October 2021.
Last OCSiAl Group valuation
$2.3B
Undisclosed stage · Oct 2021
Last OCSiAl Group funding round
$109M
Undisclosed stage · Oct 2021
Cumulative funding OCSiAl Group raised
$245M
across 7 funding rounds
Key investors in OCSiAl Group
Da Vinci Capital
RUSNANO
About OCSiAl Group
OCSiAl Group is a Luxembourg-headquartered manufacturer holding 97 percent of global production capacity for single-wall carbon nanotubes, known as graphene nanotubes. The company supplies these materials for silicon-anode batteries adopted by electric vehicle makers, along with applications in batteries, composites, and coatings across the United States, China, India, Japan, South Korea, and Europe. OCSiAl achieved unicorn status in 2019 and raised capital valuing it at around $2 billion in 2021, with investment from Daikin Industries.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Valuation
$2.3B (Oct 2021)
Sectors
OCSiAl Group Valuation
OCSiAl Group is currently valued at $2.3B, based on its undisclosed-stage round in October 2021.
The $109M round was led by Da Vinci Capital.
OCSiAl Group's valuation has grown 2.3x from $1B at its undisclosed-stage round in January 2019 to $2.3B in October 2021, across 4 priced rounds.
OCSiAl Group valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Undisclosed stage | $2.3B |
| Oct 2019 | Undisclosed stage | $1B |
| Jul 2019 | Secondary | $2B |
| Jan 2019 | Undisclosed stage | $1B |
OCSiAl Group Funding History
OCSiAl Group has raised a total of $245M across 7 funding rounds, plus 1 secondary share sale.
OCSiAl Group's first fundraising round was a $10M Series A in January 2013. The most recent completed round was a $109M undisclosed-stage round in October 2021.
OCSiAl Group funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Undisclosed stage | Da Vinci Capital (lead) | $109M | $2.3B | OCSiAl is the world's largest producer of graphene nanotubes, developing carbon nanotube-based solutions for electrochemical power sources, elastomers, paints and coatings, composites, and plastics. The company has achieved a production capacity of 80 tonnes of nanotubes per year, representing 97% of global capacity, with plans to launch the first phase of a plant in Luxembourg with capacity up to 100 tonnes in 2024. In 2021, OCSiAl closed a series of investment rounds totaling over $100 million, organized by investment bank J.P. Morgan as placement agent and private equity fund Da Vinci Capital, bringing together a pool of international institutional and private investors. The 2021 funding rounds increased the company valuation to $2.3 billion. Notable new investors included Japanese industrial giant Daikin Industries, which announced cooperation and investment in July 2021 following three years of collaborative development in graphene nanotube applications for batteries and fluoropolymers. The company operates in Europe, the USA, Russia, Korea, China, Hong Kong, Malaysia, Mexico, Japan and Australia, with around 1,500 companies worldwide developing and marketing TUBALL nanotube technologies and products in its client portfolio. |
| Oct 2019 | Undisclosed stage | - | $46M | $1B | OCSiAl is the world's largest producer of graphene nanotubes, with production capacity of 80 tonnes per year representing approximately 97% of global capacity. The company develops carbon nanotube-based solutions for electrochemical power sources, elastomers, paints and coatings, composites, and plastics, serving markets across Europe, the USA, Russia, Korea, China, Hong Kong, Malaysia, Mexico, Japan and Australia. When OCSiAl entered the market in 2014, it offered graphene nanotubes at prices 75 times lower than market competitors, making the material accessible to significantly more industries, and reported revenues doubling annually. This valuation was established through funding rounds organized by investment bank J.P. Morgan and private equity firm Da Vinci Capital, bringing together international institutional and private investors. The company's primary shareholders include state-backed Russian fund RUSNANO, Japanese company Daikin Industries (which contributed $4 million to later rounds), and investment firm A&NN Investment, controlled by Russian oligarch Alexander Mamut, which acquired a 0.5% stake for $5 million in 2019. By 2021, investors had valued the company at approximately $2 billion through additional investment rounds totaling over $100 million. The company planned to pursue a Western public listing, targeting a $3 billion valuation and planning to raise $300–800 million through a SPAC merger, with construction of a new 100-tonne production facility in Luxembourg underway. |
| Jul 2019 | Secondary | - | $5M | $2B | OCSiAl Group is the world's largest producer of graphene nanotubes, developing solutions for electrochemical power sources, elastomers, paints and coatings, composites, and plastics, with a production capacity of 80 tonnes per year representing 97% of global capacity. Headquartered in Luxembourg, the company operates in Europe, the USA, Russia, Korea, China, Hong Kong, Malaysia, Mexico, Japan, and Australia. In 2019, OCSiAl closed a series of investment rounds totaling over $100 million, organized by J.P. Morgan as placement agent and Da Vinci Capital, with investors valuing the company at circa $2 billion. The transaction included international institutional and private investors, and RUSNANO's stake was valued at over $300 million at that time. Later in 2019, A&NN Investment acquired a 0.5% stake for $5 million from RUSNANO. OCSiAl's revenues were doubling annually as of mid-2019. |
| Jan 2019 | Undisclosed stage | - | $47M | $1B | OCSiAl Group is the world's largest manufacturer of graphene nanotubes, a material used to enhance properties in industries like automotive, electronics, and chemicals. The Luxembourg-based company, with operations including its Americas headquarters in Columbus, Ohio, was the first to produce high-quality graphene nanotubes on an industrial scale starting in 2014, offering them at prices 75 times lower than market rates to broaden accessibility. It serves global car manufacturers, leading electronics firms, and major chemical producers, with over 400 employees and 600 business partners as of 2019. In early 2019, specifically around March 4, OCSiAl conducted an Unattributed - II funding round, achieving a valuation of $1 billion, which earned it unicorn status. This valuation was confirmed later in July 2019 when Russian investment firm A&NN Investments acquired a 0.5% stake for $5 million from Rusnano, solidifying the $1B mark. Sources note revenues doubling annually since market entry. The valuation reflects the company's rapid growth trajectory. OCSiAl's production capacity in 2019 supported improving hundreds of thousands of tonnes of materials annually, positioning it as over 90% of global graphene nanotube supply in later reports. The company planned expansions, including a major synthesis plant in Luxembourg by 2022, and aimed for an IPO by 2025. Leadership, including President Yuriy Koropachinskiy, projected long-term value exceeding $100 billion, citing emerging markets in both high-tech and mass-produced goods. Subsequent developments included further funding, such as $100M in summer rounds at $2.3B valuation and private placements totaling $200M, with participation from investors like Daikin. OCSiAl pursued a SPAC merger for a Western listing targeting $3B valuation and $300M-$800M raise, primarily for factory expansion, while maintaining Russian roots with backing from state-linked entities and oligarchs. |
| Dec 2017 | Series A | - | $13M | - | - |
| Dec 2016 | Series A | - | $12M | - | OCSiAl Group is the world's largest producer of graphene nanotubes (single-walled carbon nanotubes), based in Luxembourg. The company develops nanotube-based solutions for electrochemical power sources, elastomers, paints and coatings, composites, and plastics. OCSiAl achieved unicorn status in July 2019 with a valuation exceeding $1 billion. By 2021, the company was valued at approximately $2 billion through investment rounds organized by investment bank J.P. Morgan and private equity fund Da Vinci Capital, bringing together international institutional and private investors including Daikin Industries. OCSiAl controls 97% of global graphene nanotube production capacity, with current annual production of 80 tonnes. The company has expanded internationally with operations in Europe, the USA, Russia, Korea, China, Japan, and Australia, and operates over 420 employees worldwide. |
| Dec 2014 | Series A | - | $9M | - | - |
| Jan 2013 | Series A | RUSNANO | $10M | - | OCSiAl Group, founded in 2010 in Luxembourg, produces single-wall carbon nanotubes, holding 97% of global production capacity at 80 tons per year. RUSNANO invested $60 million in shares and bonds in 2012 and 2015, with $20 million specified in equity in 2014. The company received support from investors including Igor Kim in 2013-2014. Later rounds included $100 million in summer 2021 at $2.3 billion valuation and deals valuing OCSiAl at about $2 billion, enabling early redemption of RUSNANO bonds and maintaining RUSNANO as a shareholder with a stake then valued over $300 million. Total funding across rounds exceeded $176 million from investors like RUSNANO, ExpoCapital, A&NN Investments, and Igor Kim. |
Who has invested in OCSiAl Group?
2 investors have backed OCSiAl Group across its funding rounds, including Da Vinci Capital and RUSNANO.
Lead investors include Da Vinci Capital.
OCSiAl Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOCSiAl Group Competitors
OCSiAl Group competitors include listed companies like Nippon Electric Glass, Xanadu, Ube and Bodycote, and private ones like Inari and Diamond Foundry.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2B | $429M | $2.3B | 1.1x | ||
| Publicly listed | $3M | ($47M) | $2.3B | 281.8x | ||
| Publicly listed | $3B | $393M | $2.2B | 1.3x | ||
| Private | $383M | - | $2.2B | - | ||
| Publicly listed | $976M | $217M | $2.2B | 2.5x | ||
| Private | - | - | $1.8B | - |
OCSiAl Group Public Comps
OCSiAl Group is still privately-owned, but its public comps include Nippon Electric Glass, Xanadu, Ube, Bodycote, Teijin, Minerals Technologies, Evolution Metals & Technologies, Ningbo Ronbay New Energy, Beijing Zhongke Sanhuan and Gaona Aero Material.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2B | $429M | 1.1x | 1.1x | 5.1x | 6.8x | |||
| $3M | ($47M) | 629.3x | 281.8x | (44.6x) | (24.7x) | |||
| $3B | $393M | 1.4x | 1.3x | 10.2x | - | |||
| $976M | $217M | 2.5x | 2.5x | 11.2x | 9.4x | |||
| $5.6B | ($442M) | 0.6x | 0.6x | (8.1x) | 10.5x | |||
| $2.1B | $132M | 1.3x | 1.3x | 21.2x | 7.3x | |||
| - | ($2M) | - | 190.2x | (1231.7x) | (69.6x) | |||
| $1.8B | $113M | 1.8x | 1.2x | 29.4x | 15.8x | |||
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Common questions about OCSiAl Group
| When was OCSiAl Group founded? | OCSiAl Group was founded in 2009. |
| Where is OCSiAl Group headquartered? | OCSiAl Group is headquartered in Luxembourg, Luxembourg. |
| Is OCSiAl Group publicly listed? | No, OCSiAl Group is a private, VC-backed company. |
| What is OCSiAl Group's valuation? | OCSiAl Group was last valued at $2.3B in its undisclosed-stage round in October 2021. |
| How much funding has OCSiAl Group raised? | OCSiAl Group has raised $245M across 7 funding rounds. |
| What was OCSiAl Group's last funding round? | OCSiAl Group's last funding round was a $109M undisclosed-stage round in October 2021, led by Da Vinci Capital. |
| Who are OCSiAl Group's investors? | OCSiAl Group's investors include Da Vinci Capital and RUSNANO. |
| Which companies are comparable to OCSiAl Group? | Companies comparable to OCSiAl Group include Nippon Electric Glass, Xanadu, Ube, Inari, Bodycote and Diamond Foundry. |
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