Friday, May 08, 2009

Storage Startup Deeya Energy, Next Generation Clean & Green Energy Storage Management Raises $30 million Series C

Deeya Energy Closes $30M Series C Funding Round

Deeya Energy, a producer of next-generation energy storage platforms, has completed an oversubscribed $30 million Series C financing

Deeya Energy, an industry leader in next generation energy storage platforms, announced that it has completed an oversubscribed $30M Series C financing. Deeya's innovative solution addresses the $46 billion energy storage market by offering a scalable, economical and renewable alternative to current technologies. Deeya's Series C was led by new investor Technology Partners and existing investors BlueRun Ventures, DFJ, Element Partners and New Enterprise Associates (NEA) all participated in the round. This series C financing brings Deeya's total venture capital investment to $53 million since its founding in 2004.

"We are poised for tremendous growth with a very strong value proposition to our customers. Deeya has already deployed its system to several customers in key application segments such as telecommunications," says Izak Bencuya, Deeya's CEO. "This new financing will give Deeya the resources it needs to ramp up production and scale operations - and we are very pleased to have attracted Ira and Technology Partners to our company."

"We were attracted to Deeya as an early investment opportunity because it addresses all three primary energy storage markets: backup, renewable storage, and grid storage." Blue Run partner.

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