Tech Company Financing Transactions

Powerit Holdings Funding Round

Black Coral Capital, @Ventures and Expansion Capital Partners participated in a $5 million venture round for Powerit Holdings. The round was announced on 3/1/2011.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity

Black Coral Capital (Lead Investor) (Robert Day)

@Ventures (Marc Poirier)

Expansion Capital Partners (Bernardo Llovera)

Stellar Holdings

Proceeds Purpose
This fresh infusion of capital, coupled with Matt's hiring, will launch a new era. We have ambitious plans under way on several fronts, and now we have bolstered our resources and leadership expertise, better preparing us to enter into new partnerships and channels and move even more deeply into the industrial and commercial energy management sectors.

Company Information

Company Status
Private & Independent
Energy & Battery
Mailing Address
307 3rd Ave. South 400
Seattle, WA 98104
Email Address
Powerit Solutions provides comprehensive energy demand response and demand control solutions for industrial and commercial applications.
Powerit Holdings LinkedIn Company Profile
Social Media
Powerit Holdings Company Twitter Account
Company News
Powerit Holdings News
Powerit Holdings on Facebook
Powerit Holdings on YouTube

Management Team

Email & Social
Chief Executive Officer
Kevin Klustner
  Kevin Klustner LinkedIn Profile  Kevin Klustner Twitter Account  Kevin Klustner News  Kevin Klustner on Facebook
Chief Financial Officer
Leon Suh
  Leon Suh LinkedIn Profile  Leon Suh Twitter Account  Leon Suh News  Leon Suh on Facebook
VP - Engineering
Mark Stromberg
  Mark Stromberg LinkedIn Profile  Mark Stromberg Twitter Account  Mark Stromberg News  Mark Stromberg on Facebook
VP - Marketing
Patty Solberg
  Patty Solberg LinkedIn Profile  Patty Solberg Twitter Account  Patty Solberg News  Patty Solberg on Facebook



Browse more venture capital transactions:

Prev: 3/1/2011: Genomatica venture capital transaction
Next: 3/1/2011: MaxPoint Interactive venture capital transaction


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