Tech Company Financing Transactions
Phononic Devices Funding Round
Phononic Devices, based in Durham, scored $10 million in funding from Oak Investment Partners and Venrock.
Transaction Overview
Company Name
Announced On
2/23/2011
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Oak Investment Partners (Lead Investor)
Venrock (Lead Investor)
Proceeds Purpose
Phononic Devices will utilize Series B funds to: commercialize high efficiency thermoelectric modules, expand its team of world-class materials science and compound semiconductor device engineers, and add rapid prototype capacity to leverage the Company's proprietary materials and manufacturing-friendly semiconductor processes.
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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