Tech Company Financing Transactions
Direct Drive Systems Funding Round
Direct Drive Systems closed a $12 million funding round on 3/31/2008. Investors included BankInvest BioMedical Venture, Energy Ventures and private investors.
Transaction Overview
Company Name
Announced On
3/31/2008
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Undisclosed
Investors
Energy Ventures (Helge Tveit)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Electronics
Mailing Address
621 Burning Tree Road
Fullerton, CA 92833
USA
Fullerton, CA 92833
USA
Phone
Website
Email Address
Overview
Direct Drive Systems, Inc. (DDS) is an affiliate of Calnetix, a world leader in the development and manufacture of high-performance electric motors and generators.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin McGlensey
Chief Financial Officer
Michael Dyar
Chief Operating Officer
Dennis Strouse
Browse more venture capital transactions:
Prev: 3/31/2008: Mobo Systems venture capital transaction
Next: 3/31/2008: RTO Software venture capital transaction
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records on this site come from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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