Ember Renews US$5M Venture Debt Financing with Wellington Financial

Ember, a Boston, MA-based provider of low-power wireless mesh networking technology, has renewed its (2009) US$5m venture debt financing with Wellington Financial.

The company intends to use the proceeds from the financing for additional working capital to accommodate its strong growth trajectory.

Ember develops wireless mesh networking technology – chips, software, tools – for Smart Energy, connected homes, as well as many other monitoring and control applications for greener living and work environments.
The company is a promoter of the ZigBee Alliance with an IC design center in Cambridge, England, office in Hong Kong and sales channels worldwide.

Backers in Ember include Polaris Ventures, GrandBanks Capital, RRE Ventures, Vulcan Capital, DFJ ePlanet Ventures and New Atlantic Ventures.



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