Powerit Holdings, Inc. Secures $6,000,000 New Round

  • Feed Type
  • 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
  • Venture Investor
    Siemens Venture Capital
  • Venture Investor
    ArcelorMittal
  • Venture Investor
    @Ventures
  • Venture Investor
    Expansion Capital Partners

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