$20M for Leyden Energy

Wade Roush8/3/11

Fremont, CA-based Leyden Energy, which is developing longer-lasting lithium ion batteries for consumer mobile devices, electric vehicles, and energy storage, said today that it has raised $20 million in Series B financing. New investor New Enterprise Associates led the round, which was joined by existing investors Lightspeed Ventures, Sigma Partners, and Walden International. Leyden says it expects to use the funds to expand its global sales efforts and add manufacturing capacity.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @