Phononic Devices Lands $30,000,000 New Funding

  • Feed Type
  • Date
    9/13/2016
  • Company Name
    Phononic Devices
  • Mailing Address
    800 Capitola Drive Durham, NC 27713 USA
  • Company Description
    Phononic Devices is commercializing advanced thermoelectric materials and device concepts exclusively licensed from the University of Oklahoma designed to dramatically improve the efficiency of heat-to-electric energy conversion, and conversely, efficient use of electricity for cooling and refrigeration.
  • Website
    http://www.phononicdevices.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $30,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funding will be used to grow the company’s sales and marketing organization responsible for expanding a portfolio of disruptive solid-state products in electronics cooling, and healthcare, residential, and commercial/merchandising refrigeration; within existing and new global markets.
  • M&A Terms
  • Venture Investor
    GGV Capital
  • Venture Investor
    Lookout Capital
  • Venture Investor
    Eastwood Capital
  • Venture Investor
    Venrock
  • Venture Investor
    Oak Investment Partners
  • Venture Investor
    Tsing Capital
  • Venture Investor
    Rex Health Ventures

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