Chrysalix joins Primus Power's $20 mln Series C financing round
Primus Power Corp, a provider of grid-scale electrical energy storage solutions, has raised US$20 million in Series C financing. The deal, led by South Africa's Anglo American Platinum Ltd, included the participation of PGM Development Fund and existing investors, including Canadian venture capital firm Chrysalix Energy Venture Capital and Kleiner Perkins Caufield & Byers. The Hayward, Calif.-based Primus said it has secured US$35 million since its founding in 2009. Proceeds of the latest investment will support customer shipments, transitioning the company's manufacturing to a contract manufacturer, and expanding its sales and customer support organizations.
4 February 2014•4 mins read
