What is Phononic?
Founded in 2008 and headquartered in Durham, North Carolina, Phononic specializes in the development and manufacturing of semiconductor solutions and related devices. The company operates within the advanced technology and materials industry, focusing on innovative applications for its semiconductor products. Phononic's technology aims to address critical needs across various sectors, positioning it as a key player in the semiconductor manufacturing landscape.
How much funding has Phononic raised?
Phononic has raised a total of $223.4M across 8 funding rounds:
Series A
$2M
Series B
$10M
Private Equity
$25.9M
Series C
$21M
Series D
$44.5M
Private Equity
$30M
Private Equity
$40M
Unspecified
$50M
Series A (2009): $2M with participation from Venrock
Series B (2011): $10M led by Venrock and Oak Investment Partners
Private Equity (2013): $25.9M supported by Oak Investment Partners, Tsing Capital, and Venrock
Series C (2013): $21M featuring Oak Investment Partners, Tsing Capital, Venrock, and National Bank Financial - Wealth Management
Series D (2014): $44.5M backed by Oak Investment Partners, Tsing Capital, Venrock, Wellcome Trust, and Rex Health Ventures
Private Equity (2016): $30M with participation from Rex Healthcare Ventures, Oak Investment Partners, Tsing Capital, Venrock, GGV Capital, Wellcome Trust, Eastwood Capital Corp, and Lookout Capital
Private Equity (2016): $40M led by GGV Capital, Oak Investment Partners, Tsing Capital, Venrock, UBS, Lookout Capital, and Huaneng Invesco WLRoss
Unspecified (2021): $50M supported by Goldman Sachs
Key Investors in Phononic
Oak Investment Partners
Oak Investment Partners is a venture capital firm specializing in providing investment advice through research and reporting, aiming to simplify complex financial information for investors. They focus on early-stage technology companies.
Tsing Capital
Tsing Capital is a venture capital firm focused on sustainable technology investments in Asia and globally, operating under the philosophy of 'Doing Well by Doing Good'.
Venrock
Venrock is a historic venture capital firm known for partnering with founders to build innovative, high-growth companies, with deep expertise in technology and healthcare ventures.
What's next for Phononic?
With substantial backing, Phononic is poised for significant advancements in its product development and market penetration. The company's strategic investments suggest a focus on scaling its operations and expanding its technological capabilities. Future growth is likely to involve further innovation in semiconductor technology, potentially targeting new markets or enhancing existing product lines to meet evolving industry demands. The sustained investor confidence indicates a strong belief in Phononic's long-term vision and its capacity to deliver impactful solutions.
See full Phononic company page
