Flexible Electronics News

Cymbet Secures $31 Million in Private Financing

Additional funding to launch global sales expansion and add manufacturing capacity for eco-friendly EnerChip product lines

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Cymbet Corporation announced that it has successfully completed the final phase of its third round of private equity financing, raising $31 million. The company will use proceeds from this financing round to expand EnerChip sales and marketing initiatives globally, as well as to add manufacturing capacity for its eco-friendly, EnerChip solid-state energy storage devices in response to rising customer demand. This round was co-led by Perseus, L.L.C., a Washington, D.C.-based private equity fu...

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