Cymbet Corporation Garners $31,000,000 Series C Funding

  • Feed Type
  • Date
    1/25/2010
  • Company Name
    Cymbet Corporation
  • Mailing Address
    18326 Joplin Street NW Elk River, MN 55330-1773
  • Company Description
    Cymbet™ Corporation is a privately held technology company that designs and manufactures thin film power backup devices such as rechargeable thin film batteries for semiconductor, sensor, medical and related electronic applications. The company has developed a unique approach to assemble and manufacture the Cymbet EnerChip™ rechargeable thin-film battery in high volumes.
  • Website
    http://www.cymbet.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $31,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The Company will use proceeds from this financing round to expand EnerChip sales and marketing initiatives globally, as well as to add manufacturing capacity for its eco-friendly, EnerChip™ solid-state energy storage devices in response to rising customer demand.
  • M&A Terms
  • Venture Investor
    Perseus, LLC
  • Venture Investor
    Intel Capital
  • Venture Investor
    Texas Emerging Technology Fund
  • Venture Investor
    Cedar Fund
  • Venture Investor
    Dow Venture Capital
  • Venture Investor
    Ignite Group
  • Venture Investor
    Undisclosed