Adura Technologies Secures $8,500,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a1215aa2-f4b6-43f3-8b3b-c0fcc230f981&Preview=1 -
Date
4/30/2012 -
Company Name
Adura Technologies -
Mailing Address
22 4th St. 10th Floor San Francisco, CA 94103 -
Company Description
Adura Technologies is a clean energy technology venture applying low-power wireless mesh networking to the lighting controls market. We design, manufacture and commission our lighting management solutions. Our mission is to provide cost effective lighting solutions for retrofit of commercial buildings so that building owners, tenants, and facility managers can implement energy efficiency and load curtailment strategies reducing their operating cost and their carbon footprint. -
Website
http://www.aduratech.com -
Transaction Type
Venture Equity -
Transaction Amount
$8,500,000 -
Transaction Round
Series B -
Proceeds Purposes
The funding reflects confidence in the company’s growth, perhaps best represented by a 273 percent jump in revenue in 2011 over 2010. -
M&A Terms
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Venture Investor
NGEN Partners -
Venture Investor
Claremont Creek Ventures -
Venture Investor
VantagePoint Venture Partners
