GreenLancer Closes $500,000 In 'A' Round Initial Funding
DETROIT (WWJ) -- GreenLancer.com, a Web-based provider of engineering and services for solar energy projects, last week announced it had secured another $222,500 to complete its A round financing of $500,000.
The company said the money came from a syndicate of Michigan-based investors.
Launched in 2011, GreenLancer.com combines cloud computing with a national network of green energy engineering freelancers (or "greenlancers") who are highly skilled at developing and engineering plans to meet clients' diverse energy needs.
"GreenLancer has created a hybrid business model that leverages technology with the flexibility of the human touch," said Rick DeVos, founder and CEO of Grand Rapids-based Start Garden, one of GreenLancer's investors. "Their assembly line approach has proven that they can provide professional engineering support that is far more cost effective than their brick-and-mortar competitors. This is exactly what the renewable energy industry needs to reduce the soft cost associated with developing clean energy projects."
GreenLancer's services include online technical documents, engineering services and financial modeling support for contractors' use in proposing, developing and designing alternative energy systems. By doing this work in the cloud, the company is able to provide fast, easy, affordable and accessible engineering support that reduces the soft costs associated with developing solar energy projects and can do it more cost effectively than their vertically integrated, brick-and-mortar competitors.
"We're thrilled to have reached this important milestone," said Michael Sharber, CEO of GreenLancer.com. "We can now focus our full attention on building our business and delivering on our promises. In doing so, we'll return value to our shareholders, our employees and society at large by helping more facilities adopt affordable and sustainable clean energy solutions."
GreenLancer.com's initial investors include Bizdom (Detroit), Start Garden (Grand Rapids), Blue Water Angels (Midland), Northern Michigan Angels (Traverse City) and a private investor. Funding will be used to support GreenLancer.com's ambitious growth plan.
GreenLancer.com's crowd-sourcing, in-the-cloud approach has enabled it to work seamlessly in 32 states and six countries spanning four continents. The Company provides systems engineering work as subcontractor on projects for notable clients like General Motors, DTE Energy, Occidental Oil and the U.S. Department of Defense and U.S. Armed Forces in Afghanistan
GreenLancer serves all sectors of the construction industry. For a thorough examination of GreenLancer.com's new Virtual Engineering Center functionality, visit www.greenlancer.com/how-it-works.
