Friday, August 04, 2006

Ion America Corp (PE WIRE)

"Ion America Corp., a Sunnyvale, Calif.-based developer of solid-oxide fuel cells, has raised $101.93 million in Series D equity funding, according to a regulatory filing. It also secured nearly $2 million in convertible securities. Backers include Kleiner Perkins Caufield & Byers, Mobius Venture Capital and New Enterprise Associates. The company now has raised $165 million in total VC funding since 2002, including a $45 million Series C deal in 2004 at a post-money valuation of approximately $114 million."

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