GreenLancer Closes $500,000 In 'A' Round Initial Funding Detroit-based green engineering firm attracts private equity from a multitude of venture capital firms
DETROIT, July 11, 2013 /PRNewswire/ --
- GreenLancer.com announces an additional $222,500 in funding and closes its 'A' round financing with $500,000 total invested from a consortium of Michigan-based investment firms. GreenLancer.com previously announced the initial $277,500
- GreenLancer.com recently launched its 'Virtual Engineering Center' and added staff to meet sharply growing demand
- GreenLancer.com's business model targets the solar energy industry with intelligent, fast and affordable engineering solutions delivered to anyone, anywhere
Detroit-based GreenLancer.com, a web-based solar energy engineering company, announced today that it has secured an additional $222,500 to successfully complete its 'A' round financing of $500,000 in private funding from a syndicate of Michigan-based investors.
Launched in 2011, GreenLancer.com combines state-of-the-art cloud computing with its national network of green energy engineering freelancers (or "greenlancers") who are highly skilled at developing and engineering plans to meet clients' diverse energy needs.
"GreenLancer has created a hybrid business model that leverages technology with the flexibility of the human touch," said Rick DeVos, Founder and CEO of Start Garden, one of GreenLancer's investors. "Their assembly line approach has proven that they can provide professional engineering support that is far more cost effective than their brick-and-mortar competitors. This is exactly what the renewable energy industry needs to reduce the soft cost associated with developing clean energy projects."
GreenLancer's services include online technical documents, engineering services and financial modeling support for contractors' use in proposing, developing and designing alternative energy systems. By doing this work "in the cloud" the Company is able to provide fast, easy, affordable and accessible engineering support that reduces the soft costs associated with developing solar energy projects and can do it more cost effectively than their vertically integrated, brick-and-mortar competitors.
"We're thrilled to have reached this important milestone," said Michael Sharber, Chief Executive Officer of GreenLancer.com. "We can now focus our full attention on building our business and delivering on our promises. In doing so, we'll return value to our shareholders, our employees and society at large by helping more facilities adopt affordable and sustainable clean energy solutions."
GreenLancer.com's initial investors include Bizdom (Detroit), Start Garden (Grand Rapids), Blue Water Angels (Midland), Northern Michigan Angels (Traverse City) and a private investor. Funding will be used to support GreenLancer.com's ambitious growth plan.
GreenLancer.com's crowd-sourcing, in-the-cloud approach has enabled it to work seamlessly in 32 states and six countries spanning four continents. The Company provides systems engineering work as subcontractor on projects for notable clients like General Motors, DTE Energy, Occidental Oil and the U.S. Department of Defense and U.S. Armed Forces in Afghanistan
GreenLancer serves all sectors of the construction industry. For more information, please visit www.greenlancer.com . For a thorough examination of GreenLancer.com's new Virtual Engineering Center functionality, visit http://www.greenlancer.com/how-it-works/.
Patrick Liebler, Liebler Group, firstname.lastname@example.org or 313-832-4376