Powerit Holdings, Inc. Secures $6,000,000 New Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=59ac4d41-42d5-4025-9cff-e816008cbcea&Preview=1 -
Date
5/5/2009 -
Company Name
Powerit Holdings, Inc. -
Mailing Address
114 Alaskan Way South Seattle, WA 98104 -
Company Description
Powerit Solutions provides comprehensive energy demand response and demand control solutions for industrial and commercial applications. We are committed to helping customers in a wide variety of industries manage their energy usage, reduce their power demand, and realize significant energy cost savings without compromising production, safety, quality, or comfort. -
Website
http://www.poweritsolutions.com -
Transaction Type
Venture Equity -
Transaction Amount
$6,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Powerit (pronounced “Power I.T.”) says the funds will be used to speed up its growth into industrial markets, as well as solidify its position in energy management and expand product development and sales efforts. -
M&A Terms
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Venture Investor
Siemens Venture Capital -
Venture Investor
ArcelorMittal -
Venture Investor
@Ventures -
Venture Investor
Expansion Capital Partners
