Tech Company Financing Transactions
Powerit Holdings Funding Round
Siemens Venture Capital, @Ventures and ArcelorMittal participated in a $6 million capital raise for Powerit Holdings. The round was announced on 5/5/2009.
Transaction Overview
Company Name
Announced On
5/5/2009
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors
Proceeds Purpose
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.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
307 3rd Ave. South 400
Seattle, WA 98104
USA
Seattle, WA 98104
USA
Phone
Website
Email Address
Overview
Powerit Solutions provides comprehensive energy demand response and demand control solutions for industrial and commercial applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Klustner
Chief Financial Officer
Leon Suh
VP - Engineering
Mark Stromberg
VP - Marketing
Patty Solberg
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