Tech Company Financing Transactions
Achates Power Funding Round
Achates Power closed a $7.1 million Series B financing round on 1/8/2010. Investors included Triangle Peak Partners, InterWest Partners and Madrone Capital Partners.
Transaction Overview
Company Name
Announced On
1/8/2010
Transaction Type
Venture Equity
Amount
$7,075,000
Round
Series B
Investors
Proceeds Purpose
Achates is developing a radical new design for a high-efficiency two-stroke automotive engine.
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
4060 Sorrento Valley Blvd.
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Achates Power, Inc. has developed radically improved internal combustion engines that increase fuel efficiency, reduce GHG emissions and are lower cost.
Management Team
Title
Name
Email & Social
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