Lithium Gets $50 Million for Growth and Acquisitions

Lithium Technologies announced it has raised $50 million in a pre-IPO mezzanine financing round. The company says it will apply the investment toward technology development, footprint expansion, and strategic acquisitions.

The company also announced the addition of former Yahoo! executive Tapan Bhat as Senior Vice President and Chief Product Officer and NEA Venture Partner Brooke Seawell to its board of directors.

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