Latest Deal Terms for Adura Technologies, Inc

Michael Ostendorff · July 23, 2010 · Short URL:

A Behind the Scenes Look at the Terms for the Series A

So, did Mark Zuckerberg really "give away" 84% of his company before it was even officially launched? Not too sure about that, but what we are pretty sure of is Clean Technology deals are still a popular funding pick amongst the VC world. This week we are going to take a look at Adura Technologies, Inc. and their latest round of financing.

Adura Technologies, Inc. is headquartered in San Francisco, California. The company designs, manufactures and commissions energy management solutions for its customers. Through its platform, the company applies low- power wireless mesh networking technology to building automation. In February 2010 the company closed on an additional $12 MM in funding. Participating in this round were VantagePoint Venture Partners, Claremont Creek Ventures, and NGEN Parnters LLC. The Deal Terms for this latest round were:

  • Filing Date: 02/17/2010
  • Liquidation Preference for the Current Round: N/A
  • Round of Financing: Series A
  • Multiple of the Liquidation Preference: 1x
  • Type of Preferred Stock: Participating Preferred
  • Was the Participating Preferred Capped? No
  • Anti-Dilution Protection: Weighted Average
  • Redemption at Investor's Option: No
  • Pay-to-Play Provisions: No
  • Cumulative Dividends: No
  • Dividend Rate: 8%
  • Price Per Share: $.3918
  • Amount Raised in Current Round: $12 MM
  • Post-Money Valuation: Subscribe Today!

Interested in getting access to data on Adura Technologies' previous venture financing rounds? Sign Up for a subscription today!

Support VatorNews by Donating

Read more from our "Trends and news" series

More episodes