What is Nucurrent?
NuCurrent, Inc., established in 2009 and based in Chicago, Illinois, is at the forefront of designing, fabricating, and integrating advanced wireless power antennas, surface-mount inductors, and inductive coils. The company caters to a diverse range of applications, offering solutions for both low and high-frequency wireless power systems, as well as versatile surface-mount inductors. NuCurrent's commitment to innovation in power transmission technology positions it as a key player in the evolving landscape of wireless energy solutions.
How much funding has Nucurrent raised?
Nucurrent has raised a total of $13.3M across 7 funding rounds:
Series A
$3.5M
Debt
$1.5M
Multiple Rounds
$7M
Debt
$350K
Private Equity
$983K
Series A (2014): $3.5M with participation from Hyde Park Angels, HBS Alumni Angels, and Independence Equity Management, LLC.
Debt (2016): $1.5M, investors not publicly disclosed
Private Equity (2017): $4.5M, investors not publicly disclosed
Unspecified (2017): $1.5M, investors not publicly disclosed
Other Financing Round (2017): $1M backed by TechNexus
Debt (2020): $350K with participation from PPP
Private Equity (2025): $983K, investors not publicly disclosed
Key Investors in Nucurrent
TechNexus
TechNexus Venture Collaborative is an innovative platform that fosters growth by creating ecosystems between corporations and startups. It focuses on building and scaling high-growth businesses through corporate joint ventures, venture capital funds, and hands-on venture building.
Hyde Park Angels
Hyde Park Angels is a venture capital group founded in 2007 and based in Chicago, IL, which focuses on angel investments.
HBS Alumni Angels
The Harvard Business School Alumni Angels Association (HBSAA) serves as an educational and networking platform for Harvard alumni and other interested individuals focused on researching and investing in early-stage companies.
What's next for Nucurrent?
With a recent major strategic investment and a substantial total funding history, NuCurrent is poised for accelerated development and market penetration. The company's focus on core technologies in wireless power suggests a strategic direction towards enhancing product capabilities and expanding its client base. Future endeavors will likely involve leveraging this capital to scale manufacturing, invest in research and development for next-generation power solutions, and solidify its position in the competitive electronics market. The company's sustained access to capital indicates strong investor confidence in its technological advancements and business model.
See full Nucurrent company page
