Danotek Motion Technologies Obtains $15,000,000 Series B Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=967c08f1-4ee2-4c11-ae41-c55548f83d49&Preview=1 - Date
8/30/2011 - Company Name
Danotek Motion Technologies - Mailing Address
8680 N. Haggerty Road Canton, MI 48187 - Company Description
Welcome to Danotek Motion Technologies, LLC—an industry leading engineering and manufacturing company that specializes in advanced electro-mechanical drives, motors, and digital sensor/sensorless control systems. At Danotek, we are committed to developing fully optimized systems that deliver ultimate performance and efficiency—all at a low production cost. - Website
http://www.danotekmotion.com - Transaction Type
Venture Equity - Transaction Amount
$15,000,000 - Transaction Round
Series B - Proceeds Purposes
The funds will be used to expand research and development initiatives, as well as launch initial production. - M&A Terms
- Venture Investor
Khosla Ventures - Venture Investor
CMEA Capital - Venture Investor
GE Energy Financial Services
