Project Frog leaps ahead with $5.2M for greener school buildings
Date: 01/19/2010
Company: Project FROG
Source: Venture Beat
Pre-fabricated buildings have come a long way. Far from shoddy double-wides delivered by flat-bed trucks, they have become the hallmark of the green building movement, tricked out with natural lighting, ventilation and organic materials. One company, Project Frog, is wagering that — in addition to being eco-friendly — these buildings can actually improve student performance in schools. And it just raised more money to prove its point.
According to a filing with the SEC, the San Francisco-based construction company has brought in $5.2 million of an expected $5.5 million round of debt financing and convertible promissory notes. This is the second time it has raised money in its three year history, having brought in $8 million from RockPort Capital Partners in November 2008. Project Frog did not respond to calls about the source of its newest funding or how it will be used.