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Chevy Chase-Based NEA Increases Investment in Leyden Energy

01/24/2013
New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has increased its investment in Leyden Energy, a Silicon Valley-based developer of advanced batteries for the mobile, consumer electronics and light electric vehicle markets. Other participants in the company's $10 million third round included previous backers Lightspeed Ventures, Sigma Partners and Walden International. The company plans to use the proceeds to help produce and commercialize its battery chemistries, which include both silicon anode (Si-anode) technology for mobile consumer electronics applications and advanced lithium ion (Li-ion) chemistry for automotive applications.

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