Danotek Motion Technologies Lands $13,200,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b0cf267d-dfc9-4e0a-9db9-5b2e019e43b4&Preview=1 -
Date
11/14/2008 -
Company Name
Danotek Motion Technologies -
Mailing Address
8680 N. Haggerty Road Canton, MI 48187 -
Company Description
Welcome to Danotek Motion Technologies, LLC—an industry leading engineering and manufacturing company that specializes in advanced electro-mechanical drives, motors, and digital sensor/sensorless control systems. At Danotek, we are committed to developing fully optimized systems that deliver ultimate performance and efficiency—all at a low production cost. Our expansive production and testing facilities enable us to provide concept-to-production service to offer our client’s highly customized systems that can be directly integrated into their existing structures. -
Website
http://www.danotekmotion.com -
Transaction Type
Venture Equity -
Transaction Amount
$13,200,000 -
Transaction Round
Series B -
Proceeds Purposes
The investment enables Danotek, based in Canton, MI, to expand research and development, install utility-scale Mega Watt load testing equipment, hire and train workers and launch production of a projected 4,000 permanent magnet generators (PMG’s) annually. -
M&A Terms
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Venture Investor
Khosla Ventures -
Venture Investor
CMEA Ventures -
Venture Investor
GE Energy Financial Services -
Venture Investor
Undisclosed
