MFNS Tech, Inc.
Nanocomposite-coated sponge material for selective oil and heavy metal removal from water
- Sector
- Materials
- Headquarters
- GLENVIEW, IL
- Latest Form D
- $1.4M, Aug 2025
- Total capital
- $3.6M
- Federal grants
- $1.2M
- 2 awards · 2022–2024
- Rank in peer group#55 of 141
- Private capital raised
- $2.4M
- 2 Form D · last Aug 2025
- 14 months since last filing
- Federal contracts
- None on recordNo federal contract awards found.
- Granted patents
- None on recordNo USPTO grants. Applications publish after 18 months.
Capital timeline
Latest events
- Private capital raisedForm D · SEC · 2nd filing$1.4M
- Private capital raisedForm D · SEC · 1st filing$960K
- Federal grantNSF · Phase II · SBIR Phase II: An Oleophilic Hydrophobic Multifunctional (OHM) Media for Environmental Remediation$992K
- Federal grantNSF · Phase I · STTR Phase I:An Oleophilic Hydrophobic Magnetic (OHM) Sponge for Environmental Remediation$256K
Node area is scaled to amount. Form D reports securities sold, which can differ from an announced round; filings are numbered in the order they were made.
Federal first
29months
from MFNS Tech, Inc.’s first federal award to its first private round.
- First federal award · Apr 2022
- NSF · $256K
- First Form D · Sep 2024
- $960K · 1st Form D
- Awards before first raise
- 2 awards
An association in public records, not a cause or a prediction.
Standing among 141 peers
Line = medianMaterials · Material
- Federal grants#55 · top 39%
Cumulative measures favor older companies. Rankings describe position today, not outcome. Below the median, ranks show as a band rather than a number.
Founders and team
Researcher links verified by same-company patents and grants- Vikas NandwanaResearcherExecutive Officer, DirectorLinked by $1.2M in grants as PI
- Amita DravidDirectorNamed in SEC Form D filings
- David MendezDirectorNamed in SEC Form D filings
- Henry WhiteExecutive Officer, DirectorNamed in SEC Form D filings
- Vinayak DravidExecutive Officer, DirectorNamed in SEC Form D filings
What it has protected
No granted patents are on record.
USPTO usually publishes applications 18 months after filing, so recent applications may not be visible yet. Patents assigned under a different entity name won’t match.
Checked: USPTO granted patents and published applications · Oct 23, 2026
Related companies, and why
- UES INCSimilar federal contract value in Materials · null in contracts
- MURA INC.Similar federal contract value in Materials · null in contracts
- SPADXTECH LLCSimilar federal contract value in Materials · null in contracts
- BIG-nanoSimilar federal contract value in Materials · null in contracts
- Still BrightSimilar federal contract value in Materials · null in contracts
- Rapid3dmaterials, LLCSimilar federal contract value in Materials · null in contracts
Regulatory activity · Materials
- Eliminating Regulations Establishing Fellowships in Laboratory Standardization and Testing for Foreign CitizensNational Institute of Standards and Technology
- Eliminating Obsolete Marking Requirements for Toy, Look-Alike, and Imitation FirearmsNational Institute of Standards and Technology
- Eliminating Obsolete Regulations Related to the Advanced Technology Program and the Technology Innovation ProgramNational Institute of Standards and Technology
Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.
Sources
Federal grants from SBIR/STTR, NIH, NSF and DoD records. Federal contracts from USAspending.gov. Private capital from SEC Form D. Patents from USPTO. Publications from OpenAlex. Regulatory activity from the Federal Register. Press matched on company name.
How to read this page
Figures show associations in public records, not causes or predictions. Nothing here is investment advice. An em-dash means no record was found under this company's name, not that none exists.
Data freshness
SEC Form D filings through . SBIR and STTR awards through .