Greenwave Systems Lands $60,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=538b3a28-a928-4ea9-a22c-f8a0a84ae616
Date
1/5/2016
Company Name
Greenwave Systems
Mailing Address
133 Technology Irvine, CA 92618 USA
Company Description
Greenwave Systems is a global Internet of Things (IoT) software and services company whose disruptive Greenwave360 model enables category-leading brands to quickly and profitably deploy managed services. Greenwave Systems empowers market leading brands to profitably deploy their own Internet of Things managed services and products to foster deeper customer relationships and grow their business.
Website
http://www.greenwavesystems.com
Transaction Type
Debt
Transaction Amount
$60,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company said it plans to use the proceeds to speed up global expansion and provide capital for strategic investments.
M&A Terms
Venture Investor
EDB Investments
Venture Investor
Bank of America
Venture Investor
The Westly Group
Venture Investor
E.ON SE