Seeo Gets $17 Million Venture Round for Batteries Led by Samsung

Dec. 9 (Bloomberg) — Seeo Inc., a battery maker backed by
billionaire Vinod Khosla, got a $17 million round of financing
led by Samsung Group’s venture capital arm.

Seeo will use the funding from Samsung Ventures to continue
to develop its lightweight lithium-polymer battery technology,
the Hayward, California-based company said in an e-mailed
statement today. Existing investors Khosla Venture and GSR
Ventures also joined in the funding.

The addition of Samsung will strengthen the company’s
“ability to deliver the next generation of advanced
batteries,” Seeo Chief Executive Officer Hal Zarem said in the
statement.

To contact the reporter on this story:
Ehren Goossens in New York at
egoossens1@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tina Davis, Will Wade

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us