Xconomy Boston

SustainX Garners $4,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ec8b3e74-f07d-4571-8283-a567f11a386b&Preview=1
Date
8/12/2009
Company Name
SustainX
Mailing Address
7 Commerce Ave. West Lebanon, NH 03784
Company Description
SustainX is an energy storage technology developer whose solution is cost effective, low maintenance, non-toxic, and highly efficient. The technology is being developed to provide a solution for enhancing the value of renewable energy, commercial and industrial energy management, and transmission asset utilization and optimization.
Website
http://www.sustainx.com
Transaction Type
Venture Equity
Transaction Amount
$4,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Polaris Venture Partners
Venture Investor
Rockport Capital Partners
Venture Investor
Undisclosed