Adura Technologies Secures $8,500,000 Series B Financing

  • Feed Type
  • Date
    4/30/2012
  • Company Name
    Adura Technologies
  • Mailing Address
    22 4th St. 10th Floor San Francisco, CA 94103
  • Company Description
    Adura Technologies is a clean energy technology venture applying low-power wireless mesh networking to the lighting controls market. We design, manufacture and commission our lighting management solutions. Our mission is to provide cost effective lighting solutions for retrofit of commercial buildings so that building owners, tenants, and facility managers can implement energy efficiency and load curtailment strategies reducing their operating cost and their carbon footprint.
  • Website
    http://www.aduratech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funding reflects confidence in the company’s growth, perhaps best represented by a 273 percent jump in revenue in 2011 over 2010.
  • M&A Terms
  • Venture Investor
    NGEN Partners
  • Venture Investor
    Claremont Creek Ventures
  • Venture Investor
    VantagePoint Venture Partners