Draker Laboratories Garners $8,000,000 New Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7ea9ef0b-c94e-4522-a94e-dfaafccfefcc&Preview=1
Date
8/23/2012
Company Name
Draker Laboratories
Mailing Address
431 Pine Street Burlington, VT 05401
Company Description
Draker Laboratories provides high performance hardware monitoring and software-as-a-service data management systems for commercial-scale renewable energy systems including: solar photovoltaics (PV), wind, solar thermal and hybrid systems.
Website
http://www.drakerlabs.com
Transaction Type
Venture Equity
Transaction Amount
$8,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding will be used to accelerate the development of the company’s integrated suite of monitoring, optimization, control and asset management products. It will also enable the company to increase its sales and marketing efforts and expand its operations globally.
M&A Terms
Venture Investor
Austin Ventures
Venture Investor
Harbor Light Capital Partners