Cymbet Obtains $20,000,000 New Round

  • Feed Type
  • Date
    4/18/2013
  • Company Name
    Cymbet
  • Mailing Address
    18326 Joplin Street NW Elk River, MN 55330
  • 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
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Cymbet will use this investment to significantly expand sales, marketing and technical support resources in Asia and Europe.
  • M&A Terms
  • Venture Investor
    Island Shore Investments
  • Venture Investor
    Undisclosed

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