LightSail Energy Receives $37,300,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=16e19cf2-c75b-4760-a1e8-0a8e53ed427a&Preview=1
Date
11/6/2012
Company Name
LightSail Energy
Mailing Address
914 Heinz Avenue Berkeley, CA 94710
Company Description
LightSail Energy is developing energy storage systems that use compressed air as the storage medium. Energy storage is the key to modernizing the electrical grid world-wide. Energy storage allows intermittent renewable sources, such as solar and wind, to deliver energy on demand. It can level out demand, reducing the need for high-carbon-emitting peaker plants.
Website
http://www.lightsailenergy.com
Transaction Type
Venture Equity
Transaction Amount
$37,300,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Individual Investor
Venture Investor
Individual Investor
Venture Investor
Khosla Ventures