Transphorm Inc. has completed a $25 million Series D financing round with Quantum Strategic Partners Ltd., a private investment fund managed by Soros Fund Management LLC, and existing investors Kleiner Perkins Caufield & Byers, Google Ventures, Foundation Capital and Lux Capital. This brings the total capital raised from all rounds to $63 million. Transphorm will use the funding to continue solving the multi-billion dollar power waste problem, which occurs whenever electricity from the grid is converted into usable electric power. Since the company launch in February 2011, Transphorm has successfully released the first complete solution to eliminating power waste, using its breakthrough Gallium Nitride (GaN) based power conversion modules.
"This investment from our top-tier investor partners is a testament to the achievements of the Transphorm team commercializing a Total GaN solution for next-generation power conversion," said Umesh Mishra, CEO of Transphorm. "Transphorm is sparking a revolution in energy efficiency, paving the way for the mass production of consumer, commercial and industrial technology products designed for optimum electrical efficiency."