Stroud Companies And CURB, Inc Announce Series A Funding
AUSTIN, Texas, Oct. 21, 2015 /PRNewswire/ -- Dallas Based Stroud Companies and their subsidiaries have completed funding of the Series A Capital Raise for CURB, further diversifying the portfolio of companies and industries in the portfolio. Started in 2012, Austin based CURB is a revolutionary technology and manufacturing company specializing in hardware and software for monitoring and managing energy consumption and solar production in homes and businesses. This technology seamlessly interfaces with other industry-leading Smart Home platforms (including Samsung's SmartThings) for intelligent device control. This will show a bottom line energy savings immediately to consumers, as well as increasing solar efficiency and energy consumption overall. CURB recently won the 2014 Demo GOD Award and was featured at SXSW Eco.
"With an extremely talented, forward looking team in place and a cutting edge product, we feel like this is the class and style company that will be relevant for decades to come. With the increasing desire of people to consume less energy overall and decrease their fossil fuel consumption, energy efficient homes and businesses will be the new norm. We have seen it on an individual product basis up to this point, but CURB looks to cut overall energy consumption, all at an affordable installation price and through the interface, you can see real time graphically displayed savings," Will Stroud, Managing Director at the Stroud Companies said.
According to Erik Norwood, CURB Founder and CEO "At CURB, we believe that the cheapest and cleanest energy is the energy that you don't have to use. We are excited to share our solution for safer and more energy efficient homes with the world, and we feel like this transaction is the best and most effective way of doing this."
About Stroud Companies
Stroud continues to diversify their holdings and investments across multiple industries. Since 1982, the Company and its partners have been involved in Senior Living and commercial real estate acquisitions, operations, and sales valued in excess of $2 billion. Recent transactions involve oil and gas exploration and production, restaurants as well as various technology firms. The Company has the ability to effectively structure investments that encompass direct investments, joint ventures, start-up companies, existing companies and debt.
About CURB
An Austin-based energy tech startup founded in 2012, CURB provides insight into home electricity usage, giving users control to make their homes safer, more energy efficient, and more affordable. The award-winning CURB energy management solution provides circuit-level electricity monitoring, real-time reporting, smart alerts and remote energy controls.
Video - http://youtu.be/vPgM-BU_Rhs
SOURCE Stroud Companies; CURB, Inc
Share this article