MC10 Closes $12.5M Series B Venture Capital Financing

Funding Rounds

▤ Summary

MC10, a Cambridge, MA-based company that aims to transform rigid and planar high performance electronics into flexible and conformal products, closed a $12.5m Series B venture capital financing.The round was led by new investor Braemar Energy Ventures, with participation from existing investors North Bridge Venture Partners, Osage University Partners, and Terawatt Ventures.The company intends to use the funds to accelerate development and bring its first products to market.Led by CEO David Icke, MC10 is currently developing flexible, bendable or wearable electronic products for the sports, military, biomedical and energy fields.Initial partners include Reebok and Massachusetts General Hospital.

$ Funding

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Amount $12.5M Total raised
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Date June 28, 2011 Announcement date
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Investors Braemar Energy Ventures, Terawatt Ventures Lead investors
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Company http://www.mc10inc.com Funded company

▥ Classifications

industries
HealthTech
applications
Data Management

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▦ Linked Companies

MC10
$5M to $10M