Project Frog Leaps at $8M
Date: 11/26/2008
Company: Project FROG
Source: Red Herring
Project Frog, a startup that designs and makes energy efficient, modular buildings, has raised $8 million in a second round of funding led by RockPort Capital Partners.
The San Francisco startup said the financing will help it speed up product development and sales. Under the deal, Chuck McDermott, a RockPort general partner, will join Project Frog’s board of directors.
The startup hopes to ride the growing wave of interest for green buildings while delivering them more quickly and affordably than conventional construction. McGraw-Hill Construction, a construction market research and publishing group, forecasts the value of U.S. green building starts could triple to as high as $140 billion from less than $50 billion today.