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Mica Energies Opens Seed Round of Funding, Secures $39 Million Valuation, Sets Summer 2020 Release Date for Proof of Concept

Mar 11, 2020•over 5 years ago

Amount Raised

$39 Million

Round Type

seed

Irvine

Description

Mica Energies Corporation has secured the first investments in its Seed Round Financing, posting a $39M valuation and a Summer 2020 Proof of Concept release date. Founded in 2018, Mica has focused on harvesting ambient Radio Frequencies from the environment, and allowing for the true ‘recycling’ of energy. In 2019, the Company selected the Telecommunications sector as the target for the 2020 launch of its proprietary ‘Passive Ambient Charging’ (PAC) device.

Company Information

Company

Mica Energies

Location

8583 Irvine Center Drive, Suite 444

Irvine, California, United States

About

The company, which has launched this round of funding with a $38.3 million valuation, is raising funds for the development of a chip that will allow smartphones, laptops, tablets, and game consoles to be automatically charged, 24/7 regardless of location. The company has assembled a group of technology experts representing over 200 years of relevant experience and anticipates demonstrating working models using their chip at a “By Invitation Only” event in Dallas, Texas in mid-2023. To learn more about the Mica Energies raise, click on this link: (https://www.startengine.com/mica-energies)Mica Energies is an early-stage technology company with a unique method of accessing and harvesting abundant atmospheric RF energy to trickle charge Internet of Things (IoT) devices, with primary focus on Smart Wireless devices.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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