VC-Backed ActaCell Inks $3M from Dept. of Commerce

Austin-based ActaCell, which is backed by venture capital firms including DFJ Mercury and Applied Ventures, has sealed up to $3 million in funding from the U.S. Department of Commerce’s National Institute of Standards and Technology. The company said that the new funding, distributed over a three-year period, will help it increase production of its nanocomposite alloy anode materials for lithium-ion batteries.

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