Tech Company Financing Transactions
USGRDCO Funding Round
On 10/24/2019, USGRDCO raised financing from EnCap Investments and Yorktown Partners.
Transaction Overview
Company Name
Announced On
10/24/2019
Transaction Type
Venture Equity
Amount
Unknown
Round
Undisclosed
Investors
Proceeds Purpose
USGRDCO will use the capital investments from EnCap and Yorktown to acquire and manage critical electric generation assets in major US cities and assure the reliability and resilience of the power supply in those cities.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Undisclosed
New York, NY 10001
USA
New York, NY 10001
USA
Phone
Website
Email Address
Not Recorded
Overview
Based in New York City, USGRDCO acquires and operates power plants critical to the reliability of power supply in major US cities, with a focus on the Northeast and Midwest. USGRDCO seeks to assure the reliability of power supply in those cities while achieving massive carbon reductions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jacob Worenklein
Chief Financial Officer
Vishal Sharma
Chief Operating Officer
Morielle Lotan
VP - General Counsel
David Sheffey
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