Danotek Motion Technologies Obtains $15,000,000 Series B Financing
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=967c08f1-4ee2-4c11-ae41-c55548f83d49&Preview=1 -
Date
8/30/2011 -
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. -
Website
http://www.danotekmotion.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The funds will be used to expand research and development initiatives, as well as launch initial production. -
M&A Terms
-
Venture Investor
Khosla Ventures -
Venture Investor
CMEA Capital -
Venture Investor
GE Energy Financial Services
