Tsing Capital leads $21m Series C for Phononic
Phononic, an US-based solid-state cooling and refrigeration technology firm, has completed a $21 million Series C round of financing led by Beijing-based Tsing Capital. National Bank Financial, existing backers Venrock and Oak Investment Partners also participated.
The fresh capital will be used to expand the engineering team, transition from pilot to volume manufacturing and boost the company's Asian presence. "We believe Asia, particularly China, presents a huge...
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