New England Tech Wire: Oxford-based Cadenza Innovation raises $5 million in first round

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2016-07-22 New England TechWire Logo

Cadenza Innovation, an Oxford-based developer of lithium-ion battery packs, announced it has raised $5 million in its first round of venture capital, which was led by Golden Seeds.  Dr. Christina Lampe-Onnerud, founder of Cadenza Innovation, is among the world’s foremost authorities on battery chemistry and design.  Cadenza Innovation’s corporate and technical leadership team previously established Boston-Power, which today is based in China and is one of the world’s fastest-growing lithium-ion battery manufacturers.  Development of the Cadenza platform has been funded, in part, by the Advanced Research Projects Agency-Energy (ARPA-E), the U.S. Department of Energy, and the New York State Energy Research and Development Authority.  Other investors in the deal include Connecticut Innovations, Scale Investors, Summit Power Group Co-chairman Eric Redman and entrepreneur, philanthropist and investor Mark Torrance, along with angel investors from Asia, Europe and North America.