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CFX Battery Raises $11 Million In New Funding

Friday, January 09, 2009 5:52:00 AM PDT | VentureDeal Staff

Azusa, California  --  Battery technology company CFX Battery has landed $11 million in first round venture capital funding, according to a report in PE Hub.

CFX is developing what it calls "unique, cost-effective, and state-of-the-art energy storage solutions for a wide variety of applications."

Investors in the round included CMEA Ventures, Harris & Harris Group and U.S. Venture Partners.  Proceeds purposes from the funding round were not disclosed.

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