Fundraising Fox

Nucurrent

Chicago, US · Founded 2014 · Delaware corporation · 5 known investors

NuCurrent designs and licenses wireless power and NFC charging architecture for wearables, hearables, and ambient devices, working with product manufacturers to integrate coil, silicon, firmware, and thermal design. The company holds 450+ global patents and offers GenA, an applied-AI design platform for developing wireless power systems.

Consumer Deep Tech Hardware IoT

Founders & leadership

Nucurrent was founded in 2014 by Jacob Babcock.

JB

Jacob BabcockinCEO

SW

Stephen WaskoExecutive

MM

Megha MaripuriNamed on SEC filing

JK

Jeffery KorachNamed on SEC filing

CJ

Chris JensenNamed on SEC filing

Board

DE

Daniel Einhorn

Daniel Einhorn inBoard directorInvestment Team at Capital Midwest Fund

RK

Randall KorachBoard director

MS

Michael SeedmanBoard director

KB

Keith BrowningBoard director

JM

John MajorBoard director

HA

Heidi ArkinstallBoard director

RZ

Robert ZieserlBoard director

Investors · 5

Capital Midwest FundMequon

Dipalo VenturesChicago

IU VenturesBloomington

Lakewest Venture PartnersChicago · $50K – $1M

Hyde Park AngelsreportedChicago

Reported raises · per SEC filings

Form D private placements

$31.9M disclosed across 10 rounds · 2014–2025

▶$982.4KraisedOct 2025 · 14 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Daniel EinhornDirector
Randall KorachDirector
Michael SeedmanDirector
Keith BrowningDirector
Jacob BabcockExecutive Officer, Director
John MajorDirector
Heidi ArkinstallDirector
Stephen WaskoExecutive Officer
Robert ZieserlExecutive Officer, Director

Offering amount: $1.2M
Amount sold: $982.4K
First sale: Sep 2025
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$100KraisedJun 2024 · 1 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Heidi ArkinstallDirector
Daniel EinhornDirector
Randall KorachDirector
John MajorDirector
Stephen WaskoExecutive Officer
Jacob BabcockExecutive Officer, Director
Keith BrowningDirector
Michael SeedmanDirector
Robert ZieserlExecutive Officer, Director

Offering amount: $100K
Amount sold: $100K
First sale: May 2024
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$1.1MraisedSep 2023 · 20 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Stephen WaskoExecutive Officer
John MajorDirector
Michael SeedmanDirector
Randall KorachDirector
Heidi ArkinstallDirector
Daniel EinhornDirector
Jacob BabcockExecutive Officer, Director
Robert ZieserlDirector

Offering amount: $5M
Amount sold: $1.1M
First sale: Aug 2023
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$3.5MraisedNov 2022 · 18 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Heidi ArkinstallDirector
Daniel EinhornDirector
John MajorDirector
Randall KorachDirector
Stephen WaskoExecutive Officer
Jacob BabcockExecutive Officer, Director
Michael SeedmanDirector
Robert ZieserlDirector

Amount sold: $3.5M
Minimum investment: $1
Sales commissions: $31.5K
First sale: Nov 2022
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$8MraisedAug 2021 · 28 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Daniel EinhornDirector
Stephen WaskoExecutive Officer
Ernest GettoDirector
Robert ZieserlDirector
Jacob BabcockExecutive Officer, Director
Douglas HagermanExecutive Officer
Randall KorachDirector
John MajorDirector
Michael SeedmanDirector

Offering amount: $8M
Amount sold: $8M
Sales commissions: $245.2K
First sale: Jul 2021
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$6.8MraisedJul 2019 · 27 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Jacob BabcockExecutive Officer, Director
Randall KorachDirector
Daniel EinhornDirector
Robert ZieserlDirector
Dane LundDirector
Michael SeedmanDirector
John MajorDirector

Offering amount: $12.5M
Amount sold: $6.8M
Sales commissions: $240K
Placement agents: RainMaker Securities, LLC
First sale: Jun 2019
Incorporated: Corporation, Delaware, 2014
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$1.7MraisedSep 2018 · Other

Rule 506(b)

Officers, directors & promoters on the filing

Jacob BabcockExecutive Officer, Director
Jeffery KorachDirector
Michael SeedmanDirector
Christopher J. JensenDirector
Robert ZieserlDirector
Dan EinhornDirector
John MajorExecutive Officer

Amount sold: $1.7M
Minimum investment: $1.5K
First sale: Sep 2018
Incorporated: Corporation, Delaware, 2014
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$1.5MraisedOct 2017 · 34 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Jacob BabcockExecutive Officer, Director
Jeffery KorachDirector
Megha MaripuriExecutive Officer
Robert ShawDirector
Robert ZieserlDirector

Offering amount: $1.5M
Amount sold: $1.5M
Minimum investment: $1K
First sale: Aug 2016
Incorporated: Corporation, Delaware, 2014
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Frequently asked questions

What does Nucurrent do?: NuCurrent designs and licenses wireless power and NFC charging architecture for wearables, hearables, and ambient devices, working with product manufacturers to integrate coil, silicon, firmware, and thermal design. The company holds 450+ global patents and offers GenA, an applied-AI design platform for developing wireless power systems.
Who founded Nucurrent?: Nucurrent was founded by Jacob Babcock in 2014.
Who are Nucurrent's investors?: Nucurrent's investors include Capital Midwest Fund, Dipalo Ventures, IU Ventures, Lakewest Venture Partners, Hyde Park Angels.
How much funding has Nucurrent raised?: Nucurrent has disclosed $31.9M raised across 10 rounds.
Where is Nucurrent headquartered?: Nucurrent is headquartered in Chicago, US.