MC10, a US-based flexible electronics company backed by two strategic investors, has added $8m to its series C round.In December, US-based medical device company Medtronic and an undisclosed consumer health company invested as part of a $10m C round in MC10. Medtronic was joined in the series C round by all of Cambridge, Massachusetts-headquarted MC10’s existing investors. MC10’s technology makes it is easier to twist, stretch and expand integrated circuits, which can be used inside or on the human body. In January last year MC10 raised $2m from venture capital firm Aberdare Ventures. MC10’s B round raised $12.5m in 2011. This round was led by VC firm Braemar Energy Ventures, and was also backed by Osage University Partners, a venture firm which shares its profits with universities including Caltech, Columbia, Duke and Berkeley, as well as venture firms North Bridge Venture Partners, and Terawatt Ventures. Venture firm Windham Venture Partners is also listed as an investor on MC10’s website. MC10’s first round raised $5.7m in 2009, according to a filing with US regulator Securities and Exchange Commission. MC10 was formed in 2008 based on research from founders John Rogers of UIUC and George Whitesides of Harvard.
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MC10 counts up to $8m
Apr 19, 2013 • Global Corporate Venturing
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