FastCAP Obtains $5,000,000 New Funding Round

  • Feed Type
  • Date
    4/2/2014
  • Company Name
    FastCAP
  • Mailing Address
    21 Drydock Ave. 8th Floor East Boston, MA 02210 USA
  • Company Description
    FastCAP delivers out-of-the-box, technology-based solutions to the toughest energy problems. From record-breaking energy storage devices for hybrid and electric vehicles, to game-changing solutions for energy exploration, every FastCAP team member is compelled to positively impact the way we produce, use and store energy.
  • Website
    http://www.fastcapsystems.com
  • Transaction Type
    Debt
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The money would be used to double the company’s workforce from its current 30 employees over the next two years and to expand its 17,000-square-foot offices at the Innovation and Design Building in the Seaport District, according to Jamie Beard, director of operations at FastCAP.
  • M&A Terms
  • Venture Investor