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