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Verdant Power

Verdant Power
2000 FOUNDED
PRIVATE STATUS
11-50 EMPLOYEES
Grant LATEST DEAL TYPE
$670k LATEST DEAL AMOUNT
$16.4M TOTAL AMOUNT RAISED
Description

Manufacturer of tidal power and hydroelectric systems designed to facilitate the adoption of renewable energy technologies worldwide. The company's electricity generation facilities employs underwater turbines to generate energy from the natural water currents of rivers, tides, and man made channels.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Alternative Energy Equipment
Primary Office
P.O. Box 282
Roosevelt Island
New York, NY 10044
United States
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Verdant Power Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Grant 21-Mar-2015 $670k $16.4M Completed Generating Revenue
5. Convertible Debt 29-Jun-2012 00000 000.00 Completed Generating Revenue
4. Early Stage VC 05-Mar-2012 00000 000.00 Completed Generating Revenue
3. Convertible Debt 08-Nov-2011 00000 000.00 Completed Generating Revenue
2. Early Stage VC 13-Apr-2010 $50k $15.1M Completed Generating Revenue
1. Early Stage VC (Series A) $15M $15M Completed Startup
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Verdant Power Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Spring Lake Equity Partners Venture Capital Minority 000 0000 000000 0
U.S. Trade and Development Agency Other Minority 000 0000 000000 0

Verdant Power Executive Team (8)

Name Title Board
Seat
Contact
Info
John Banigan Chief Financial Officer & Chief Executive Officer
David Sharpless Chief Executive Officer & Board Member
Dean Corren Chief Technology Officer
Jonathan Colby Director, Technology Performance
Trey Taylor Chief Marketing Officer, President, Verdant Power International, Board Member & Co- Founder
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Verdant Power Board Members (5)

Name Representing Role Since Contact
Info
David Sharpless Verdant Power Chief Executive Officer & Board Member 000 0000
Frank Williams Verdant Power Vice Chairman 000 0000
Joe Klein Verdant Power Chairman 000 0000
Ronald Smith Verdant Power Co-Founder, Board Member & President 000 0000
Trey Taylor Verdant Power Chief Marketing Officer, President, Verdant Power International, Board Member & Co- Founder 000 0000