Phononic, a Research Triangle Park, North Carolina-based growth stage, consumer products company, closed a $21m Series C financing.
The round was led by Tsing Capital with National Bank Financial and existing investors Venrock and Oak Investment Partners.
The company intends to use the funds to expand the engineering team, transition from pilot to volume manufacturing and establish a presence in Asia.
Led by Dr. Anthony Atti, CEO and co-founder, Phononic commercializes solid-state heat pumps and fully integrated systems that displace compressors for residential and commercial refrigeration, window mounted air conditioning and heating.
FinSMEs
12/12/2013