Tech Company Financing Transactions
Phononic Devices Funding Round
Phononic Devices, based in Durham, secured $21 million from Tsing Capital, National Bank Financial and Oak Investment Partners.
Transaction Overview
Company Name
Announced On
12/12/2013
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series C
Investors
Tsing Capital (Lead Investor) (Ian Zhu)
Oak Investment Partners (Brian Hinman)
Venrock (Matthew Trevithick)
Proceeds Purpose
The company intends to use the funds to expand the engineering team, transition from pilot to volume manufacturing and establish a presence in Asia.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
801 Capitola Dr.
Durham, NC 27713
USA
Durham, NC 27713
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anthony Atti
Chief Financial Officer
Jeffrey Yardley
Chief Operating Officer
Jason Ruppert
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