|For more information and other transactions visit www.XDATA.co|
|XDATA – November 24th 2015|
|Arctic Sand Technologies raised $19.35 million as part of a fully subscribed non-brokered equity offering. The subscription, which started a little over a week ago, lured five investors. Until this disclosure Arctic Sand Technologies had raised an estimated $9.1 million in unregistered securities via one previous financing round.|
|Arctic Sand Technologies designs and markets power conversion semiconductors based on technology developed by MIT. The company’s products offer significant improvements in power conversion efficiency, transient performance and EMI, in footprints 2-4x smaller than the best in class competitors today and with a significantly lower profile, enabling smaller, thinner, lighter and more power efficient products to be realized. Financial investors include Arsenal Venture Partners, Northwater Capital, Ray Stata, and strategic investors include Dialog Semiconductor and Energy Technology Ventures.|
|The company, headquartered in Cambridge MA, is led by Gary Davison (CEO). Arctic Sand Technologies elected to keep its revenues undisclosed.
The board of directors includes Frank Egan, Jason Rottenberg, Jim Cable and John Major.
The company has raised an estimated total of $28.45 million via private unregistered security offerings.
Company: Arctic Sand Technologies
Industry: Other Technology
Amount offered: $19.35 million
Amount placed: $19.35 million
SEC filing: Source
First sale: 11-16-2015
Data as of: 11-24-2015