Tech Company Financing Transactions

Danotek Motion Technologies Funding Round

Danotek Motion Technologies, operating out of Canton, scored $13.2 million in investment from Khosla Ventures, GE Energy Financial Services and Presidio Partners.

Transaction Overview

Announced On
11/14/2008
Transaction Type
Venture Equity
Amount
$13,200,000
Round
Series B
Investors

Khosla Ventures (Lead Investor) (Vinod Khosla)

GE Energy Financial Services (Kevin Skillern)

Presidio Partners (James Kim)

Proceeds Purpose
The investment enables Danotek, based in Canton, MI, to expand research and development, install utility-scale Mega Watt load testing equipment, hire and train workers and launch production of a projected 4,000 permanent magnet generators (PMG's) annually.

Company Information

Company Status
Out of Business
Industry
Electronics
Mailing Address
8680 N. Haggerty Road
Canton, MI 48187
USA
Email Address
Overview
Welcome to Danotek Motion Technologies, LLC--an industry leading engineering and manufacturing company that specializes in advanced electro-mechanical drives, motors, and digital sensor/sensorless control systems. At Danotek, we are committed to developing fully optimized systems that deliver ultimate performance and efficiency--all at a low production cost.
Profile
Danotek Motion Technologies LinkedIn Company Profile
Social Media
Danotek Motion Technologies Company Twitter Account
Company News
Danotek Motion Technologies News
Facebook
Danotek Motion Technologies on Facebook
YouTube
Danotek Motion Technologies on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Don Nabb
  Don Nabb LinkedIn Profile  Don Nabb Twitter Account  Don Nabb News  Don Nabb on Facebook
Chief Technical Officer
Daniel Saban
  Daniel Saban LinkedIn Profile  Daniel Saban Twitter Account  Daniel Saban News  Daniel Saban on Facebook
VP - Engineering
David Erdman
  David Erdman LinkedIn Profile  David Erdman Twitter Account  David Erdman News  David Erdman on Facebook
VP - Human Resources
Amiee Andrzejewski
  Amiee Andrzejewski LinkedIn Profile  Amiee Andrzejewski Twitter Account  Amiee Andrzejewski News  Amiee Andrzejewski on Facebook
VP - Operations
Joseph Miller
  Joseph Miller LinkedIn Profile  Joseph Miller Twitter Account  Joseph Miller News  Joseph Miller on Facebook
VP - Sales
Peter Gibson
  Peter Gibson LinkedIn Profile  Peter Gibson Twitter Account  Peter Gibson News  Peter Gibson on Facebook


 

 

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We do our best to document all VC transactions involving tech companies. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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