Nextreme Secures $13 Million In Additional Funding

Microscale thermal and power management innovator Nextreme Thermal Solutions has secured $13 million in Series B financing. The round was led by Chart Venture Partners and included previous investors Redshift Venture Partners, Harris & Harris Group, Inc., In-Q-Tel and RTI International as well as Japan-based ITOCHU Corp. and ITOCHU Technology Ventures, Inc. The funding will be used to ramp Nextreme's products into full production in 2009 in response to demand from the photonics and military markets, and to develop new products for the computing, consumer and mobile markets.

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Nextreme Thermal Solutions (www.nextreme.com)

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