Liquid Metal Battery Secures $15,000,000 Series B Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=faa2f99a-78e6-4fd7-b5f6-78b1f2cd07c1&Preview=1 -
Date
5/24/2012 -
Company Name
Liquid Metal Battery -
Mailing Address
237 Putnam Avenue Cambridge, MA 02139 -
Company Description
Liquid Metal Battery Corporation (LMBC) is an early-stage company working to develop and commercialize a new battery technology that will revolutionize grid-scale power storage. Our battery has the potential to cost significantly less than existing batteries. -
Website
http://www.lmbcorporation.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The bulk of the development work left to do at Liquid Metal Battery will be focused on getting the cost of the battery down and figuring out the optimal size and shape. -
M&A Terms
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Venture Investor
Khosla Ventures -
Venture Investor
Undisclosed
