America’s Growth Capital is pleased to announce that its client, Infinite Power Solutions, Inc., a U.S.-based clean-technology company and global leader in manufacturing solid-state, rechargeable, thin-film micro-energy storage devices for a variety of micro-electronic applications, has raised $20mm in a Series C Equity Financing. The funding was provided by new investor Generation Investment Management, an independent sustainable investment firm headquartered in London, UK, existing investors D. E. Shaw Ventures, Polaris Venture Partners, Core Capital Partners, Applied Ventures, LLC, and two additional strategic investors. Infinite Power Solutions will use the funds to expand manufacturing capacity, build out global sales and marketing channels, and further support research and development. America’s Growth Capital acted as sole placement agent to Infinite Power Solutions, Inc.
AGC did an outstanding job of running a thorough process that included domestic, international and strategic investors. They provided valuable insights and advice throughout all stages of the financing. The growth capital raised will allow us to scale the Company on a number of vectors. We look forward to continuing to work with the AGC team in the future.Ray Johnson, President and CEO of Infinite Power Solutions
AGC acted as sole placement agent to Infinite Power Solutions in July, 2010