Wellington Financial Provides US$5 Million Financing To Ember Corporation

By
Dave Forde
Published: January 25, 2010Posted in: Deal FlowTags: ,
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Wellington Financial Provides US$5 Million Financing To Ember Corporation

Wellington Financial LP, a privately-held specialty finance firm, recently announced they have provided US$5 million in venture debt financing for Ember Corporation of Boston, Massachusetts. Ember is a provider of low-power wireless mesh networking technology.

“Ember’s smart grid solutions are on the leading edge of next generation wireless, low power mesh networking technologies,” said Craig Netterfield, Senior Vice President at Wellington Financial. “This transaction is an excellent example of how our True Growth Capital can benefit an already successful and rapidly growing company. We have a great deal of confidence in Ember’s global market potential.”

The financing will be used as additional working capital to help with further growth plans for the clean tech company.



About the Author

Dave "The Connector" Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles. Part of my passion is to connect people and help to grow businesses. Chair of Toronto Tech Week and an Advisory Member for ICT Toronto and Founder of Toronto Tech Week. Dave also ran the largest association for Internet Marketing & Advertising professionals with over 7,000 members in Canada, then launched Profectio. Shortly after that he launched PR In Canada as the voice of the public relations industry in Canada. Over the years he has also spoken at a number of industry events and been a judge for a number of competitions across Canada. He has also often been called upon to help assist and advising start ups and business with their go to market strategy strategy.