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Acquired byContour Energy Systems
Date9/2012

General Information

Offices

Austin, USA
ActaCell, Inc. 2105 Donley Drive Suite 200
Austin, TX, 78758
USA

People

President and CEO
Board Member

Funding

TOTAL $9.8M
FUNDING TOTAL $9.8M
Series A, 7/2008
Applied Ventures
Google
Good Energies
Mercury Fund
$5.8M
Seed, 11/2009
The Texas Emerging Technology Fund
$1M
Grant, 12/2010
$3M

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Actacell

ActaCell, Inc. is an Austin-based technology start-up commercializing lithium-ion battery technology developed in the Material Science and Engineering lab at The University of Texas at Austin. This new technology is focused on delivering substantially longer cycle life at low cost while maintaining safety as the number one priority. The Material Science and Engineering program at the University of Texas has a long history of innovation in lithium ion chemistries.

The company announced on July 200, 2008 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. The proceeds from the Series A financing will be used to hire key technical talent and to further develop ActaCell’s lithium-ion battery technology for commercial purposes.

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Actacell

Sources

  1. Battery startups join forces: Contour acquires ActaCell (gigaom.com) [edit]
  2. ActaCell Closes $5.8 Million Series A Financing; Investment Consortium Led By DFJ Mercury Includes Google.org, Applied Ventures and Good Energies (actacell.com) [edit]
  3. earth2tech (earth2tech.com) [edit]
  4. ActaCell Awarded $3 Million From The U.S. Department Of Commerce’s National Institute Of Standards And Technology (freshnews.com) [edit]
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Last Edited 12/7/13

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