NuCurrent Completes Oversubscribed $8MM Convertible Note Financing

In July 2021, Lab-137 client NuCurrent Inc. completed and oversubscribed an $8MM Convertible Note financing.  Lab-137 served as placement agent.

NuCurrent licenses wireless power technology to the world’s leading electronics companies.  Wireless power enables electronic devices to be powered without a direct physical connection, through the air or through another medium (even a wall). 

“NuCurrent fits our client profile of a company that has commercialized an engineering breakthrough”, said Laurence Hayward of Lab-137.  The company has 62 granted patents and more than 108 pending in the growing field of wireless power. 

“NuCurrent is enabling next generation electronics products for consumers and businesses alike.  Tethering a device by wire or a drained battery can be a key constraint to performance and flexibility.  We were thrilled to work with new current to fund this revolutionary technology”

NuCurrent already licenses to several of the top brands in the electronics industry and plans to use the financing to continue to scale the company.