New York and Tel Aviv-listed TE Connectivity helps power PowerbyProxi to the tune of $5m.
New York and Tel Aviv-listed TE Connectivity, a $13bn revenue industrial company, and other investors have ploughed $5m into PowerbyProxi, a New Zealand-based developer of wireless power solutions for everyday devices.
The series C round has seen TE Connectivity, which has 90,000 employees, take a 10% equity stake in Auckland-based PowerbyProxi, according to news provider New Zealand Herald. Existing investor New Zealand venture capital firm Movac also participated in the round, while Evander, the investment arm of the Holdsworth family, has…
