MC10 Closes $5.7M Financing
MC10, a Waltham, MA-based startup developing stretchable silicon technology developed at the University of Illinois, has raised $5.7 million in a new round of financing, $1.7 million of which is equity from converted bridge loans, according to an SEC filing. Carmichael Roberts, the firm’s chairman and a general partner at North Bridge Venture Partners, declined to comment on the financing. We reported that MC10 was planning to raise about $5 million in venture capital from Waltham’s North Bridge and others when we profiled the company back in July. The filing did not specify the investors in the round.