Tech Company Financing Transactions

Boston-Power Funding Round

Boston-Power closed a $60 million Series E investment round on 6/25/2010. Investors included Foundation Asset Management, Oak Investment Partners and Gabriel Venture Partners.

Transaction Overview

Company Name
Boston-Power
Announced On
6/25/2010
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Series E
Investors

Foundation Asset Management (Lead Investor) (Axel Wallenberg)

Oak Investment Partners (Lead Investor) (Bandel Carano)

Gabriel Venture Partners (Scott Chou)

Venrock (Tony Evnin)

Proceeds Purpose
The company says the money will be used to expand into international markets, ramp up production of its battery technologies, and strengthen its sales, marketing, operations, and engineering team, especially in the Boston area.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
2200 West Park Dr. 320
Westborough, MA 01581
USA
Phone
(508) 366-0885
Website
www.boston-power.com
Email Address
[email protected]
Overview
Boston Power manufactures portable power products such as application-specific rechargeable lithium-ion batteries.
Profile
Boston-Power LinkedIn Company Profile
Social Media
Boston-Power Company Twitter Account
Company News
Boston-Power News
Facebook
Boston-Power on Facebook
YouTube
Boston-Power on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sonny Wu
  Sonny Wu LinkedIn Profile  Sonny Wu Twitter Account  Sonny Wu News  Sonny Wu on Facebook
Chief Financial Officer
Simon Vieira-Ribeiro
  Simon Vieira-Ribeiro LinkedIn Profile  Simon Vieira-Ribeiro Twitter Account  Simon Vieira-Ribeiro News  Simon Vieira-Ribeiro on Facebook
Chief Technical Officer
Rick Chamberlain
  Rick Chamberlain LinkedIn Profile  Rick Chamberlain Twitter Account  Rick Chamberlain News  Rick Chamberlain on Facebook
President
Alex Pan
  Alex Pan LinkedIn Profile  Alex Pan Twitter Account  Alex Pan News  Alex Pan on Facebook
VP - Engineering
Wayne Yuan
  Wayne Yuan LinkedIn Profile  Wayne Yuan Twitter Account  Wayne Yuan News  Wayne Yuan on Facebook
VP - Finance
Jackie He
  Jackie He LinkedIn Profile  Jackie He Twitter Account  Jackie He News  Jackie He on Facebook

 

 

Browse more venture capital transactions:

Prev: 6/25/2010: Transave venture capital transaction
Next: 6/27/2010: Palantir Technologies venture capital transaction

 

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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.

 

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