Intelen announces @ October 12th, 1st equity Seed Round of $250.000 by Greek Angel Investors, coming from the Construction, Energy and IT market.


Seed funding details

- Due diligence period of seven (7) months in Greece and California (Silicon Valley)
- Due diligence period included business model validation and pilot
- Seed funding procedures and negotiations (Term sheet, SHA) completed in one (1) month
- Seed funding Plan includes specific 12 month business plan with milestones for community building
- Possibility of Round A negotiations in 10 months from initiation


Next steps (Investors)

- Community building and customer engagement for Intelen corporate services (C&I customers)
- Disruptive services include Web 2.0 Energy Efficiency and DR/DSM 2.0 over game mechanics & social nets
- Set up California offices (Silicon Valley) and CA services expansion
- Boston offices as second option for invest and services
- International expansion to specific EU countries
- Round A possibility in 10 months minimum from Seed initiation


Contacts or related Requests: This e-mail address is being protected from spambots. You need JavaScript enabled to view it