uBeam, wireless power start-up  raises $10M

What does uBeam do?

uBeam, is a wireless power start-up which transmits power over the air to charge electronic devices. It used ultrasound for transmitting power over the air for charging electronic devices wirelessly. It is the only technology which provides true wireless power safely and across a large enough distance at scale. The company was conceived and developed by Meredith Perry, while she was a student at the University of Pennsylvania in 2011.

How much uBeam was funded?

uBeam raised $10M in Convertible Note on September 28, 2015 from its current and new strategic investors, Ken Hertz, Katie Jacobs Stanton, WME Ventures, Pat Hedley

Previous funding

• $750kin  Seed round on July 10, 2012 from Andreessen Horowitz, CrunchFund, Cane Investments LLC, FF Angel LLC, Ellen Levy, Morris & Kamlay LLP, Ken Seiff, Tony Hsieh and Marissa Mayer
• $10Min Series A on October 30, 2014 from Upfront Ventures (Lead) Partner: Mark Suster, CrunchFund, Andreessen Horowitz, Founders Fund, Ellen Levy, Ludlow Ventures, Mark Cuban, Marissa Mayer, Shawn Fanning, Tony Hsieh, Three Six Zero Group and Troy Carter
• $985kin Debt Financing on April 22, 2013 from AFSquare, Mark Cuban, Ludlow Ventures, Troy Carter and Shawn Fanning
• $1.5Min Seed round on July 10, 2012 from Andreessen Horowitz, DominateFund, CrunchFund, Ellen Levy, Marissa Mayer, Ken Seiff, Tony Hsieh and Peter Thorp

What is next for uBeam?

uBeam is preparing to ship its wireless phone chargers, so the company’s CEO has hired some hardware industry veterans for whipping up the business into shape. Monica Hushen, former Apple and Palm finance leader will be joining the company as its new CFO and Jeff Devine, VP of Nokia is joining as COO.

More about uBeam

uBeam was founded in 2011 by Meredith Perry. It has its headquarters in Los Angeles, CA.