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Walden Riverwood leads $8m Series A for Japan's Atonarp

  • Andrew Woodman
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Walden Riverwood Ventures has led an $8 million Series A round of funding for Atonarp, a Japanese developer of chemical sensors.

Set up in 2009, Tokyo-headquartered Atonarp uses a combination of engineering and data analysis to provide ultra-trace chemical analysis solutions. Its technology is used across several sectors, including oil and gas and healthcare.

The new funding will be used to support the development of Atonarp's "Smart Spectrometer" technology platform.

According to a release, the platform will enable manufacturers of gas-composition analysis instruments to achieve improvements in cost, size, accuracy and maintenance-free operation without the need for expensive carrier gases. It also has applications for manufacturers of medical equipment and patient devices, including non-invasive personal healthcare monitoring.

"We are excited to partner with Atonarp in pursuing the commercialization of its Smart Spectrometer platform," said Nicholas Brathwaite, co-founder of Walden Riverwood and chairman of Atonarp. "Atonarp has a unique combination of engineering, semiconductor and data analysis talent and fundamental technologies. These are being used by Atonarp to create disruptive, next generation measurement instruments,"

Walden Riverwood is a tech-focused VC firm formed out of a partnership between Walden International and Riverwood Capital.

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