Phononic Devices Secures $44,500,000 Series D Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=afa1a2cc-804f-470c-a274-6dfba64532cc
Date
12/18/2014
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
$44,500,000
Transaction Round
Series D
Proceeds Purposes
The funds will be used to drive sales of the company’s solid state solutions in Cold Products and Electronics Cooling, penetrate new market opportunities and expand manufacturing capacity.
M&A Terms
Venture Investor
Venture Investor
Venture Investor
Venture Investor
Venture Investor