CFX Battery Raises $5M

Azusa-based CFX Battery, a developer of battery technology, has raised $5.0M in what looks to be the first tranche of an ongoing funding round. The funding came to light through a regulatory filing this week. According to the filing, the new funding is part of a $26.9M fundraising effort by the firm. No details of the funding have been released by the company, however, CFX has previously raised funding from CMEA Ventures, Harris and Harris, and US Venture Partners. CFX Battery is a spinout of Caltech. More information »