Qnovo Receives $8,600,000 Series B Round

  • Feed Type
  • Date
    9/2/2015
  • Company Name
    Qnovo
  • Mailing Address
    39655 Eureka Dr. Newark, CA 94560 USA
  • Company Description
    Qnovo is a venture-backed privately held company developing next generation electronic management systems for lithium ion batteries. Our technology will enable greatly expanded battery performance for applications ranging from consumer electronics to transportation.
  • Website
    http://www.qnovocorp.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,600,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funds are intended to support the 2016 commercial launch of smartphones incorporating Qnovo’s adaptive charging technology. In collaboration with Intel, the company is also expanding the use of its technology into notebook PCs and wearable devices.
  • M&A Terms
  • Venture Investor
    Intel Capital
  • Venture Investor
    RockPort Capital
  • Venture Investor
    U.S. Venture Partners
  • Venture Investor
    BlueRun Ventures