There were two security authentication technology businesses competing for the attention of small cap fund managers on Thursday.
First cab off the rank was anti-counterfeiting and tracing technology company Dotz Nano, which is led by former Myer chief executive Bernie Brookes.
Dotz Nano was on the hunt for $5 million in fresh capital and had Bell Potter at hand to help it out.
The $98 million company has a range of carbon-based tracing products which can be imbedded into things like plastics and chemicals in order to certify their origin and authenticity upon purchase. Dotz Nano’s shares last traded at 29¢.
Meanwhile, fellow security authentication outfit YPB Group was tapping the market for $3 million via EverBlu Capital. YPB sells a product authentication technology that is useable with a smartphone.