Phononic Devices Obtains $21,000,000 Series C Round

  • Feed Type
  • Date
    12/12/2013
  • 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
    $21,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The company intends to use the funds to expand the engineering team, transition from pilot to volume manufacturing and establish a presence in Asia.
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor