PowerbyProxi develops a wireless power charging solution that lets consumers charge smartphones and other mobile devices by placing them on a power pad. The company is led by CEO Greg Cross and is based in Auckland, New Zealand. Its core product is a wireless power system and associated power pads for consumer devices. PowerbyProxi received a $4M investment from Samsung Ventures Investment Corporation, which constitutes the company's reported recent financing. Samsung will also license PowerbyProxi's technology for use in its consumer electronics and home appliances, indicating a commercial partnership alongside the financing. No operating metrics or additional financial details were disclosed in the article. PowerbyProxi develops wireless power systems and Proxi-Wave non-contact coupler technology. Its Proxi-Wave technology is incorporated into TE Connectivity’s ARISO Contactless Connectivity Platform, a miniaturized contactless connectivity solution. The company intends to use new funding to grow international sales and customer support structures and to accelerate development of new technology platforms. Led by Executive Chairman Greg Cross, PowerbyProxi is a spin-out of the University of Auckland’s engineering department. It holds a patent portfolio with 122 patents issued worldwide. The company is based in Auckland, New Zealand.

Total raised

$9M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2013