Company: Project FROG
San Francisco, Calif. – Nov. 19, 2008 – San Francisco‐based Project FROG®, a smart building start‐up, announced today that it has closed an $8MM Series B financing led by RockPort Capital Partners. The financing will enable the company to accelerate the product development and sales of its cutting edge, high performance building products and systems. “RockPort has a very impressive track record and we are excited to have them join the the FROG team.” said founder and CEO Mark Miller. “Their 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”. Project FROG’s focus will be on the $400B US commercial construction industry. Chuck McDermott, a General Partner at RockPort, who now joins Project FROG’s board of directors, said, “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”. Project FROG has developed smart building products and system that are ideally suited to a number of applications, including education, retail and commercial. Project FROG’s systems combine to produce green buildings that are more efficiently manufactured, installed and operated than conventional structures. Their products have been engineered to incorporate abundant natural light, high indoor air quality, energy efficient heating and cooling systems, and no VOC interiors – all within in an attractive building package. Project FROG’s building systems are designed to include living roofs and solar panels, and can be certified LEED Silver, Gold or Platinum.
About Project FROG
Better, greener, faster, cheaper. Smart. Project FROG Inc. is a venture‐backed company founded in 2006 with the mission of designing and manufacturing smart buildings ‐‐high‐performance, green building systems that are healthy, quick to deploy, affordable, sustainable and permanent. The company’s leadership team comprises award‐winning architects as well as accomplished entrepreneurs and innovative builders. FROG (Flexible Response to Ongoing Growth) building systems are architecturally elegant, highly functional, energy efficient, quick‐to‐deploy and adaptable. The recipient of numerous industry awards, Project FROG is at the forefront of change for a new standard in green building. The company is actively seeking innovative vendors and partners to support growing demand. For more information, visit www.projectfrog.com.
About RockPort Capital Partners
RockPort Capital Partners is a leading venture capital firm partnering with clean tech entrepreneurs around the world to build innovative companies and bring disruptive technologies and products to the 21st century. RockPort’s investment approach is distinguished by collaboration with management teams to foster growth and create value. Combining domain expertise with policy and international experience, RockPort has a proven track record of leveraging its insights and networks to foster growth and create value. For more information, visit www.rockportcap.com.