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Cymbet Clears Venture Capital Debt

Monday, May 18, 2015 5:31:00 AM PDT | VentureDeal
   Elk River, Minnesota  --  Alternative energy storage company Cymbet has received $523,000 in venture capital debt financing, according to an SEC regulatory filing.

Cymbet manufactures thin film power backup devices for a variety of electronic applications.

Applications include rechargeable thin-film batteries for sensors, medical and related electronic applications and semiconductor markets.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Cymbet is still seeking $377,000 in additional debt financing, according to the filing.

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