Wednesday, February 9, 2011

Nuventix Finds $4.9M More

Austin-based Nuventix, the developer of LED cooling products led by Jim Balthazar, has just scored $4.9M in a new funding round, according to a regulatory filing by the firm. According to the filing, the funding is part of a series BB round targeted at $10.0M in total. No details on the funding have yet been announced by the company. Nuventix develops cooling technology used for the LED lighting market. The regulatory filing indicates the round also includes conversion of Series A, B and C shares for Series AA Convertible Preferred Stock in the company. The funding would bring the company's total raised to around $35M, not including the amount remaining to be raised in the rest of the round. More information »