MC10, a Waltham, MA-based startup developing stretchable silicon technology developed at the University of Illinois, has raised $5.7 million in a new round of financing, $1.7 million of which is equity from converted bridge loans, according to an SEC filing. Carmichael Roberts, the firm’s chairman and a general partner at North Bridge Venture Partners, declined to comment on the financing. We reported that MC10 was planning to raise about $5 million in venture capital from Waltham’s North Bridge and others when we profiled the company back in July. The filing did not specify the investors in the round.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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