Accelergy Secures Series B Funding From Leading Investors

PALO ALTO, Calif.--(BUSINESS WIRE)--Accelergy Corporation, a leading research and development company offering high throughput solutions for accelerated discovery, development and commercialization of advanced catalytic materials, today announced that it has secured its Series B financing from a group of leading global investors. Goldman Sachs is leading the round along with Sequoia Capital China and Lux Capital. Accelergy’s existing investors, Nth Power, Technology Partners, Mobius VC and Advent International also participated in the funding.

“We are pleased to have the support of these leading investors as we continue to deliver on our mission of bringing innovative research capabilities to all stages of the advanced materials creation process.”

"Accelergy is paving the way towards faster discovery and commercialization of advanced catalytic materials and processes with our proprietary high throughput solutions," said William Chen, founder and CEO of Accelergy. "We are pleased to have the support of these leading investors as we continue to deliver on our mission of bringing innovative research capabilities to all stages of the advanced materials creation process.”

Accelergy works with global businesses in the pursuit of more efficient and cost effective technologies for the production of environmentally attractive fuels and petrochemicals and the economic development of alternative energy resources. With locations in both the United States and China, Accelergy is positioned to work with the largest global and regional energy companies. The funding will be used to facilitate the company’s high throughput research initiatives, expand its technology platforms, and support further intellectual property development and executive recruitment.

“The company’s strong leadership team, experience, and proprietary high throughput capabilities are leading factors in our investment decision,” said Raheel Zia, vice president at Goldman Sachs and member of Accelergy’s Board of Directors. “Accelergy is helping major global companies extend their research and development capabilities and shorten time to market throughout the entire development and commercialization process. We look forward to working with Accelergy to accelerate their growth.”

About Goldman Sachs

GS PIA Technology Investing Group is the technology investing arm of the Principal Investment Area of Goldman Sachs (NYSE:GS), a leading global investment banking, securities and investment management firm. Since 1988, Goldman Sachs and its affiliates have invested over $2 billion in more than 250 companies across a broad range of sectors within the information technology, semiconductor and communications industries. For more information, please visit www.gs.com/piatech.

About Sequoia Capital China

Sequoia Capital provides startup venture capital for very smart people who want to turn ideas into companies. As the “Entrepreneurs Behind the Entrepreneurs”, Sequoia Capital’s Partners have worked with the innovators behind Apple Computer, Oracle, Cisco Systems, Network Appliance, Yahoo!, nVIDIA, Flextronics and Google. Sequoia Capital China is dedicated to fund high growth companies based in or significantly related to the China market. To learn more about Sequoia Capital China, visit www.sequoiacap.com.

About Lux Capital

Lux Capital Management is a research-driven investment firm focused on de novo, seed and early stage investments in the physical and life sciences. Lux takes an active role in helping management teams build successful businesses in high growth sectors. Our investment team has built over 20 companies from scratch. Lux’s investment strategy ensures its portfolio companies are better connected, have deeper insight, and command industry leadership faster than their competitors. More information is available at www.luxcapital.com.

About Accelergy Corporation

Accelergy Corporation is a research and development company collaborating with global strategic partners to accelerate the discovery, development, and commercialization of advanced materials utilized in the energy markets. Accelergy minimizes the risk and cost of product development, while maximizing speed to market of advanced materials by seamlessly integrating proprietary, high throughput systems with strategic research partnerships, knowledge generating software, and scaleable R&D assets. From enhanced product development, to accelerated commercialization, to new technology platforms, Accelergy drives innovation. The company currently has offices in Palo Alto, California, and Shanghai, China and is backed by a group of leading investors, including Advent International, Goldman Sachs, Lux Capital, Mobius VC, Nth Power, Sequoia Capital China, and Technology Partners. For more information, visit www.accelergy.com.