Danotek Motion Technologies Obtains $15,000,000 Series B Financing

  • Feed Type
  • 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

By posting a comment, you agree to our terms and conditions.