Cymbet Corporation Garners $31,000,000 Series C Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=70eb1556-a130-4b60-9fac-dd3abb38e658&Preview=1 -
Date
1/25/2010 -
Company Name
Cymbet Corporation -
Mailing Address
18326 Joplin Street NW Elk River, MN 55330-1773 -
Company Description
Cymbet™ Corporation is a privately held technology company that designs and manufactures thin film power backup devices such as rechargeable thin film batteries for semiconductor, sensor, medical and related electronic applications. The company has developed a unique approach to assemble and manufacture the Cymbet EnerChip™ rechargeable thin-film battery in high volumes. -
Website
http://www.cymbet.com -
Transaction Type
Venture Equity -
Transaction Amount
$31,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The Company will use proceeds from this financing round to expand EnerChip sales and marketing initiatives globally, as well as to add manufacturing capacity for its eco-friendly, EnerChip™ solid-state energy storage devices in response to rising customer demand. -
M&A Terms
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Venture Investor
Perseus, LLC -
Venture Investor
Intel Capital -
Venture Investor
Texas Emerging Technology Fund -
Venture Investor
Cedar Fund -
Venture Investor
Dow Venture Capital -
Venture Investor
Ignite Group -
Venture Investor
Undisclosed
