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Sun Catalytix Gets $4 Million in Offering for Energy Storage

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July 10 (Bloomberg) -- Sun Catalytix Corp., a closely held energy storage company, received $4 million in an equity offering with five unnamed investors, according to a filing.

The company is seeking to raise $12 million, according to the “total offering amount” listed today in a document filed with the U.S. Securities and Exchange Commission. Chief Executive Officer Mike Decelle didn’t immediately return phone and e-mail messages today seeking comment about the funding.

Sun Catalytix, based in Cambridge, Massachusetts, is backed by Polaris Venture Partners and Tata Group, and the company in 2010 received a $4 million grant from the U.S. Energy Department’s Advanced Research Projects Agency.

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To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Charles Siler at csiler@bloomberg.net