Danotek Motion Technologies Obtains $15,000,000 Series B Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=967c08f1-4ee2-4c11-ae41-c55548f83d49&Preview=1
Date
8/30/2011
Company Name
Danotek Motion Technologies
Mailing Address
8680 N. Haggerty Road Canton, MI 48187
Company Description
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.
Website
http://www.danotekmotion.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series B
Proceeds Purposes
The funds will be used to expand research and development initiatives, as well as launch initial production.
M&A Terms
Venture Investor
Khosla Ventures
Venture Investor
CMEA Capital
Venture Investor
GE Energy Financial Services