Tech Company Financing Transactions
Intellihot Funding Round
On 12/8/2021, Intellihot received $50 million in funding from Aegon, Avenue Capital and Central Illinois Angels.
Transaction Overview
Company Name
Announced On
12/8/2021
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Aegon (Lead Investor) (James Rich)
Avenue Capital (Lead Investor) (John Larkin)
Proceeds Purpose
The growth financing will be used to expand Intellihot's sales, marketing, and operations capabilities, propel the company's research and development of advanced sustainable technologies, and increase production and scaling of existing products.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
2900 West Main St.
Galesburg, IL 61401
USA
Galesburg, IL 61401
USA
Phone
Website
Email Address
Overview
Intellihot is a highly innovative green technology company that is dedicated to providing energy solutions that lower impact on the planet. #CleanTech #StartUp
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sridhar Deivasigamani
Chief Technical Officer
Sivaprasad Akasam
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Where The Data Comes From
Our team works diligently to record all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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