The Westly Group joins Draper Fisher Jurvetson in Scientific Conservation Inc.'s $9M Series A Financing

Jun 23, 2010, 09:07 ET from Scientific Conservation Inc.

BERKELEY, Calif., June 23 /PRNewswire/ -- Scientific Conservation Inc. (SCI), a leading provider of energy efficiency, system optimization and Automated Continuous Commissioning (ACC) solutions for the $5 billion commercial building market, today announced The Westly Group has joined Draper Fisher Jurvetson (DFJ) as part of a Series A investment totaling $9M.

The Westly Group invests in clean technology companies with the potential for rapid growth.

"Scientific Conservation fits our investment strategy of supporting companies with innovative technologies geared toward solving the world's most pressing problems.  SCI's solutions can help commercial buildings around the globe significantly reduce their carbon footprint and consume far less energy, by automatically detecting system faults before major costly problems occur. Their systems also prevent existing green, LEED certified buildings from turning 'grey,'" said Steve Westly, Managing Partner, The Westly Group.  

"It's an exciting time in our industry, and we are thrilled about receiving this support from The Westly Group.  They have a stellar track record with clean tech companies and this funding will help advance our new product development roadmap and environmental stewardship," said Russ McMeekin, CEO, Scientific Conservation Inc.

Additionally, Gary Dillabough of The Westly Group will be joining SCI's Board of Directors. "Gary's experience in LEED certified building development, practical deployments of alternative energy, and operational real estate background perfectly suits the opportunities SCI will be seeking out," added McMeekin.

"Having an investment team that includes The Westly Group is a great compliment. We believe SCI is now even better positioned to penetrate the global clean tech industry," said Joshua Raffaelli, Associate, DFJ and Board Member of SCI.

About SCI

Scientific Conservation Inc., (SCI) is a leading provider of energy efficiency solutions and system optimization for the $5 billion commercial building market.  The company's suite of Automated Continuous Commissioning (ACC) solutions uses the industry's first software-as-a-service (SaaS) platform to help cut annual energy spending up to 25 percent by comparing predicted energy and system efficiencies against real-time operation.  The company's headquarters are in Berkeley, CA, with its technology center in Atlanta, GA.  For more information, visit: www.scientificconservation.com

About The Westly Group

The Westly Group is a clean technology-oriented venture capital firm located in Menlo Park, California. The company's primary focus is on companies with proven revenue streams. We believe in the power of the passionate entrepreneur—whether sitting in a modern office tower or a dark Silicon Valley garage—to change the world. Our investments tend to be in later stage companies with existing revenue streams and proven technologies. For more information visit: www.westlygroup.com

Media Contact:

Tanya Blackburn

RTJ Consultants 702.348.8379

tanya@rtjconsultants.com



SOURCE Scientific Conservation Inc.



RELATED LINKS

http://www.scientificconservation.com/


http://www.westlygroup.com/