Tech Company Financing Transactions
Ice Energy Funding Round
Ice Energy, operating out of Santa Barbara, secured $5 million from Sail Venture Partners.
Transaction Overview
Company Name
Announced On
4/28/2005
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
Sail Venture Partners (Lead Investor) (Thomas Cain)
Proceeds Purpose
Proceeds from the round will be used for commercialization of the Ice BearTM energy storage module and field testing of the residential member of the Ice Storage Air ConditionerTM product line.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
120 El Paseo
Santa Barbara, CA 93101
USA
Santa Barbara, CA 93101
USA
Phone
Website
Email Address
Overview
Ice Energy s proven Ice Bear system is the most cost effective and reliable distributed energy storage solution for the grid. The Ice Bear delivers up to six hours of clean, firm, non-fatiguing stored energy daily and is fully dispatchable by the utility. Ice Bear projects are job engines, creating long-term green jobs in the hosting communities.
Management Team
Title
Name
Email & Social
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We document tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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