Thursday, June 30, 2011
Contour Energy Targeting $20M In Series C
Asuza-based Contour Energy Systems, which develops advanced battery technology looks to be targeting $20M for its Series C round, with at least $9.0M raised so far, according to a regulatory filing by the firm this week. Contour said last week that it had raised a Series C funding round from Singapore Investment fund EDBI, CMEA Capital, Harris & Harris, Schlumberger, and U.S. Venture Partners, but had not disclosed details of the funding. It's unclear what portion of that $20M was included in the announcement. Contour's technology is based on carbon-flourine battery technology from Caltech; the firm's CEO is Joe Fisher.