Fundraising FoxNucurrent
Chicago, US · Founded 2014 · Delaware corporation · 8 known investors
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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.
Founders & leadership
Nucurrent was founded in 2014 by Jacob Babcock.
JB
Jacob BabcockCEO and FounderJacob Babcock spent 17 years developing wireless power and data systems for wearables before founding NuCurrent, where as CEO he has built a 450+ patent portfolio and an AI-driven design platform for wireless power systems; he previously taught high school mathematics through Teach For America at Roosevelt High School in Missouri.
SW
Stephen WaskoChief Financial OfficerStephen Wasko is the Executive Officer at NuCurrent, a wireless power and NFC charging technology company for wearables and IoT devices. He brings background in technology commercialization, startup operations, venture fundraising, and CFO/COO leadership roles.
MM
Megha MaripuriNamed on SEC filing
JK
Jeffery KorachNamed on SEC filing
CJ
Chris JensenNamed on SEC filing
Board
DE
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 · 8
Alumni Ventureslisted by Alumni VenturesManchester · $100K – $10M
How we know: av.vc · Not right? Tell us
Capital Midwest Fundlisted by Capital Midwest FundMequon
How we know: Capital Midwest Fund's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Dipalo Ventureslisted by Dipalo VenturesChicago
How we know: Dipalo Ventures's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Harvard Business Angels of Chicagolisted by Harvard Business Angels of ChicagoChicago
How we know: Harvard Business Angels of Chicago's portfolio page · Not right? Tell us
IU Ventureslisted by IU VenturesBloomington
How we know: IU Ventures's portfolio page · Not right? Tell us
Lakewest Venture Partnerslisted by Lakewest Venture PartnersChicago · $50K – $1M
How we know: Lakewest Venture Partners's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
Tribal Ventureslisted by Tribal VenturesChicago
How we know: Tribal Ventures's portfolio page · Not right? Tell us
Hyde Park AngelsreportedChicago
How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$31.9M disclosed across 10 rounds · 2014–2025
▶$982.4KraisedOct 2025 · 14 investors · Other TechnologyRule 506(b)
▶$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
▶$100KraisedJun 2024 · 1 investors · Other TechnologyRule 506(b)
▶$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
▶$1.1MraisedSep 2023 · 20 investors · Other TechnologyRule 506(b)
▶$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
▶$3.5MraisedNov 2022 · 18 investors · Other TechnologyRule 506(b)
▶$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
▶$8MraisedAug 2021 · 28 investors · Other TechnologyRule 506(b)
▶$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
▶$6.8MraisedJul 2019 · 27 investors · Other TechnologyRule 506(b)
▶$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
▶$1.7MraisedSep 2018 · OtherRule 506(b)
▶$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
▶$1.5MraisedOct 2017 · 34 investors · Other TechnologyRule 506(b)
▶$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
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 Alumni Ventures, Capital Midwest Fund, Dipalo Ventures, Harvard Business Angels of Chicago, IU Ventures, Lakewest Venture Partners, Tribal Ventures, 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.