Xconomy Boston

Advanced Electron Beams Lands $14,200,000 Series C Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=67b88703-bb39-4d91-9ee9-7f67e16cddec&Preview=1
Date
8/4/2009
Company Name
Advanced Electron Beams
Mailing Address
301 Ballardvale Street Wilmington, MA 01887
Company Description
Advanced Electron Beams has developed one of the world’s most efficient and clean forms of industrial energy: the AEB Emitter. Conceived and developed by company founder Tovi Avnery, the AEB Emitter captures the power of electron beams in a cost-effective, compact form factor. As a result, customers today are able to use this clean energy source across a wide range of industrial applications where usage has never before been technically or economically feasible.
Website
http://www.aeb.com
Transaction Type
Venture Equity
Transaction Amount
$14,200,000
Transaction Round
Series C
Proceeds Purposes
It will use the money to accelerate sales growth and develop new applications designed to enable energy-efficient manufacturing.
M&A Terms
Venture Investor
Flagship Ventures
Venture Investor
Atlas Venture
Venture Investor
General Catalyst Partners
Venture Investor
Rockport Capital Partners
Venture Investor
Undisclosed