Sun Catalytix Gets $4 Million in Offering for Energy StorageAndrew Herndon
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.