Phononic is a developer of cooling and heating technologies, offering solid-state solutions designed to disrupt antiquated business models and incumbent technologies.
Phononic, a Durham-based developer of cooling and heating solid-state technology, raised $30m in funding. Backers included new investors GGV Capital and Lookout Capital and returning investors Eastwood Capital Corp, Venrock, Oak Investment Partners, Tsing Capital, Huaneng Invesco WLRoss, Wellcome Trust and Rex Healthcare Ventures. Concurrent with this round of financing, Jenny Lee, Managing Director at GGV …
