Tech Company Financing Transactions
Phononic Devices Funding Round
On 7/22/2021, Phononic Devices secured $50 million in funding from Goldman Sachs.
Transaction Overview
Company Name
Announced On
7/22/2021
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to expand sales and marketing, domestic and international high-volume manufacturing capabilities, and expand its cooling and refrigeration product portfolio and platform.
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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Next: 7/22/2021: b.well venture capital transaction
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