Novinium Obtains $6,000,000 Series C Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=435fb571-20de-473e-ab56-26fa41fceeae&Preview=1 -
Date
4/2/2008 -
Company Name
Novinium -
Mailing Address
22019 70th Avenue South Kent, WA 98032 -
Company Description
Novinium delivers the most advanced underground cable rehabilitation technologies throughout the world. Rehabilitation encompasses replacement and rejuvenation and so does Novinium. A full spectrum of technologies combined to provide the highest level of system reliability – always with the least capital intensity and the most advantageous life cycle cost. -
Website
http://www.novinium.com -
Transaction Type
Venture Equity -
Transaction Amount
$6,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The latest round of funding will enable Novinium to maintain its rapid pace of growth and continue to offer innovative technology to improve grid reliability for leading utility companies. -
M&A Terms
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Venture Investor
Nomura Phase4 Ventures -
Venture Investor
Undisclosed
