Round Type
Funding Round
Investors
Description
TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc. has invested in lithium-extraction startup Novalith. Novalith's technology solutions capture and leverage carbon dioxide (CO2) from the atmosphere to isolate and extract higher quality - battery grade – lithium from resource deposits, with no harmful by-products. Their process uses less water, smaller infrastructure, and is a lower cost than current industry standards.
Quick answer
Novalith raised an undisclosed amount in a Funding Round round, dated April 17, 2023. Investors: TDK Ventures Inc. and TDK Corporation.
- How much did Novalith raise?
- Novalith raised an undisclosed amount in a Funding Round round on April 17, 2023.
- Who invested in Novalith?
- TDK Ventures Inc. and TDK Corporation are named as investors in this round.
- What does Novalith do?
- Novalith is commercialising a novel lithium extraction and refining technology that directly uses and sequester carbon dioxide to provide a low carbon, sustainable approach to lithium chemicals production.
- Who are the decision-makers at Novalith?
- Fundz holds 1 contact at Novalith. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Novalith that raised within 45 days of this round, from Fundz verified event records.
- Lyten raised an undisclosed amount (Funding Round) on May 25, 2023.
- EMO.energy raised $1.2M (Seed) on May 23, 2023.
- Voltfang raised $5.5M (Funding Round) on May 10, 2023.
- Ascent Solar Technologies raised an undisclosed amount (Debt Financing) on April 25, 2023.
- Ascent Solar Technologies raised $9M on April 20, 2023.
- Radiant raised $41M on April 4, 2023.
Who to call at Novalith, and when
A new round usually means Novalith is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Novalith raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Novalith, from your own LinkedIn network
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Fundz sees it the moment Novalith raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Novalith raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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