Primus Power Receives $11,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5adf01d2-a30c-450e-a29d-dd07085ecde8&Preview=1 -
Date
5/31/2011 -
Company Name
Primus Power -
Mailing Address
3967 Trust Way Hayward, CA 94545 -
Company Description
Primus Power is a leader in low-cost, grid-scale energy storage solutions with a scalable, distributed system that economically serves multiple storage applications including transmission capacity, renewable energy integration and frequency regulation. -
Website
http://www.primuspower.com -
Transaction Type
Venture Equity -
Transaction Amount
$11,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
This new round of financing will allow us to develop our first full scale system and quickly move toward commercialization. -
M&A Terms
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Venture Investor
DBL Investors -
Venture Investor
I2BF Venture Capital -
Venture Investor
Chrysalix Energy Venture Capital -
Venture Investor
Kleiner Perkins Caufield & Byers
