Wellington Financial Provides US$5 Million Financing To Ember Corporation
25 January 2010
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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.
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