ActaCell Closes $5.8 Million Series A Financing

AUSTIN, Texas –– ActaCell, Inc. announced today that it secured $5.8 million in Series A financing. DFJ Mercury led the round with syndicate investment from Google.org’s RechargeIT program, Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc. and Good Energies, a leading global investor in the renewable energy and energy efficiency industry. The proceeds from the Series A financing will be used to hire key technical talent and to further develop ActaCell’s innovative lithium-ion battery technology for commercial purposes. Link.