Powerit Solutions Adds $5.5M

Seattle-based Powerit Solutions announced Tuesday that it has raised $5.5M, in a Series C growth financing round. The firm, wihch develops energy demand management products, said the funding includes $3M raised in April, and $2.5M that closed in late November. Black Coral Capital led the funding, and the company also said four, unnamed prior investors also participated. Powerit is led by Kevin Klustner. More information »