Monday, December 11, 2006

Accelergy Raises Series B

Palo Alto-based Accelergy, an R&D group developing high throughput discovery systems for advanced catalytic materials, said today that it has raised a Series B financing. Funding in the firm was led by Goldman Sachs, and also included Sequoia Capital China and Lux Capital. Prior investors Nth Power, Technology Partners, Mobius VC, and Advent International also participated. Accelergy is developing systems for the discovery and commercialization of advanced catalytic materials, and maintains both U.S. and Chinese locations. More information »