Thursday, April 9, 2009

EnLink Geoenergy Raising Round, Relocates To LA

Los Angeles-based clean technology investor Craton Equity Partners is reporting today that the firm is in the midst of raising a $10M, second round of funding for portfolio firm EnLink Geoenergy Services. According to Craton, as part of the new funding, EnLink is in the process of relocating its headquarters to the Los Angeles area. Craton said that the round is expected to be complete later in the year, and will also include Medley Partners. EnLink is a developer of geothermal heat pump technology, which uses heat pumps to head and cool commercial buildings. The firm's systems reduce HVAC energy usage. EnLink was previously based in Houston. More information »

---