Tech Company Financing Transactions

David Energy Funding Round

On 9/23/2024, David Energy raised $23 million in financing from Cathay Innovation, BoxGroup and Equal Ventures.

Transaction Overview

Company Name
Announced On
9/23/2024
Transaction Type
Venture Equity
Amount
$23,000,000
Round
Undisclosed
Investors

Cathay Innovation (Lead Investor)

BoxGroup

Equal Ventures (Rick Zullo)

Keyframe Capital Partners (Benjamin Birnbaum)

Union Square Ventures (Rebecca Kaden)

Proceeds Purpose
The company intends to use the funds to continue scaling both business lines in its active states and begin expanding across the Northeast and Mid-Atlantic.

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
16 Charles Pl.
Brooklyn, NY 11221
USA
Email Address
Overview
David Energy was founded on the belief that we are at the dawn of a transformational period on the electricity grid. Over the next 40 years, we will shift from large, centralized, fossil fuel consuming, and analog power plants to small, distributed, cleaner, software enabled energy generating resources.
Profile
David Energy LinkedIn Company Profile
Social Media
David Energy Company Twitter Account
Company News
David Energy News
Facebook
David Energy on Facebook
YouTube
David Energy on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
James McGinniss
  James McGinniss LinkedIn Profile  James McGinniss Twitter Account  James McGinniss News  James McGinniss on Facebook
Chief Technical Officer
Ahmed Salman
  Ahmed Salman LinkedIn Profile  Ahmed Salman Twitter Account  Ahmed Salman News  Ahmed Salman on Facebook
Co-Founder
Brian Maxwell
  Brian Maxwell LinkedIn Profile  Brian Maxwell Twitter Account  Brian Maxwell News  Brian Maxwell on Facebook
VP - Administration
Diana Chen
  Diana Chen LinkedIn Profile  Diana Chen Twitter Account  Diana Chen News  Diana Chen on Facebook
VP - Bus. Development
Corey Hindin
  Corey Hindin LinkedIn Profile  Corey Hindin Twitter Account  Corey Hindin News  Corey Hindin on Facebook


 

 

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Prev: 9/23/2024: Sateliot venture capital transaction
Next: 9/24/2024: Ayrton Energy venture capital transaction

 

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Where The Data Comes From

We do our best to report on 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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