Cadenza Innovation Raises $5M

What does Cadenza Innovation do?

Cadenza Innovation, is company which provides energy storage solutions which are based on disruptive architectures for lithium ion battery packs. The company recognizes that each member of its company ensemble has a unique perspective and it want to hear it. This company is not just a name but an expression of the culture underpinning the company. Its name come from music and means to a moment in a piece when a musician in the ensemble who is allowed freedom of artistry and expression in the work. This company is bringing a high performance and low cost tech platform to the market for licensing lithium ion battery manufacturers around the globe. There is a huge demand for the next gen solutions, especially in the grid markets and electronic transport market, which are expected to cross the 100 billion mark in sales within the next decade.

How much Cadenza Innovation was funded?

The company raised $5M in Series A on July 18, 2016 from Mark Torrance, Eric Erdman, Philanthropist, Golden Seeds and Scale Investors.

What is next for Cadenza Innovation?

Cadenza Innovation plans to use the funding raised for expanding its product development, securing additional certifications, hiring new employees, extending initial deployments and for fueling revenue growth. One of the investors of this funding round Golden Seeds, Doug Bateson, who has over thirty years of experience in the finance industry, joins this company’s board of directors.

What is next for Cadenza Innovation?

Cadenza Innovation was founded in 2012 by Dr. Christina Lampe-Onnerud. It has its headquarters ibn Oxford, Massachusetts. The company aims at deploying its intellectual property, field proven operational and mass productions expertise along with its main tech partners for building its company into a global tech leader in the energy density, safety and lowest cost.