If you made it out to GreenBuild last week, you likely saw San Francisco based Project FROG’s latest product. Last week the building start‐up announced it had closed an $8MM Series B financing led by RockPort Capital Partners, a leading Boston and San Francisco based CleanTech Venture Capital firm.
That wasn’t all they had to announce though, earlier this week they announced that they will build their first energy-neutral building in New England on Hartford’s Watkinson School. John Bracker, Watkinson’s Head of School, announced, “Not only will the building provide state of the art science classrooms and a hub for Watkinson’s Global Studies Program, but also deliberately provide a location for teachers and students to explore the intersection of these subject areas, specifically environmental studies and ethical action. We believe the building should be as twenty-first century as our educational philosophy.”
Chuck McDermott, a General Partner at RockPort, who joined Project FROG’s board of directors, had this to say, “This is a truly pioneering company. Project FROG is developing dynamic concepts from a product design and manufacturing platform and applying those innovations to the building industry. Project FROG has a critical grasp on the technical and market advancements that will be game changers in the green building industry. These attributes solidify Project FROG’s position as a leader in this fast growing marketplace”.
Founder and CEO Mark Miller had this to say about the investment: “[RockPort's] vision for energy and resource efficiency and innovative products is perfectly aligned with the Project FROG approach – to be better, greener, faster and cheaper – in that order”.
I first met with Mark and president Adam Tibbs in November of 2007 doing due diligence on the company for an investor that should be kicking himself – I was impressed from the start. I look forward to their continued success and working with them to build a great team. Speaking of which…. if you hadn’t seen it yet, take a look at the role I posted on the job board. We’d be interested in hearing from you if you know of someone that would succeed as as a VP of Sales and Business Development; a software executive with strong ties to the construction industry would be a great fit. We are looking for more junior roles too – if you have a construction background or have been involved in modular building sales send your CV to email@example.com
I hope the American’s of the CleanTechies clan had a great holiday yesterday, I’m looking forward to leftovers all weekend…