Tech Company Financing Transactions
Adept Materials Funding Round
On 8/6/2024, Adept Materials secured $4 million in Seed funding from D.R. Horton and Massachusetts Clean Energy Center.
Transaction Overview
Company Name
Announced On
8/6/2024
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Seed
Investors
D.R. Horton (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate the commercial launch of its first product, an advanced interior wall paint and primer system, and the development of a directional water-resistive barrier product.
Company Information
Company Status
Private & Independent
Industry
Engineering
Mailing Address
444 Somerville Ave.
Somerville, MA 02143
USA
Somerville, MA 02143
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Adept Materials was founded to make building smore sustainable and comfortable. Buildings represent a very big piece of the energy pie -- about 40% of U.S. primary energy use. We can make deep cuts in energy use for heating and cooling by improving building envelopes. The challenge is doing that without compromising durability, comfort, or affordability.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Daniel Cromie
Chief Executive Officer
Derek Stein
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