OutSmart Adds $1.8M in Debt

4/19/11Follow @xconomy

OutSmart Power Systems, a Natick, MA-based startup developing a network of software and hardware for energy management and monitoring in commercial buildings, has added $1.8 million to a debt-based funding round that could total $4.5 million, according to an amended SEC filing. The company raised $805,000 toward a $1 million debt offering last October. OutSmart wrapped up a $2 million seed funding round in May 2009, from Bainco International Investors, the Clean Energy Venture Group, and Manifold Products, a Natick company it was spun out of in 2008.

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