Primus Power Receives $11,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5adf01d2-a30c-450e-a29d-dd07085ecde8&Preview=1
Date
5/31/2011
Company Name
Primus Power
Mailing Address
3967 Trust Way Hayward, CA 94545
Company Description
Primus Power is a leader in low-cost, grid-scale energy storage solutions with a scalable, distributed system that economically serves multiple storage applications including transmission capacity, renewable energy integration and frequency regulation.
Website
http://www.primuspower.com
Transaction Type
Venture Equity
Transaction Amount
$11,000,000
Transaction Round
Undisclosed
Proceeds Purposes
This new round of financing will allow us to develop our first full scale system and quickly move toward commercialization.
M&A Terms
Venture Investor
DBL Investors
Venture Investor
I2BF Venture Capital
Venture Investor
Chrysalix Energy Venture Capital
Venture Investor
Kleiner Perkins Caufield & Byers