Foley Hoag Client GMZ Energy Closes $14M Series C Financing
December 21, 2011
Foley Hoag LLP represented GMZ Energy as it closed its $14 million Series C round of financing.
GMZ, based in Waltham, Mass., specializes in direct heat-to-electricity conversion, applying an advanced nanotechnology process to produce high-performance and economically viable thermoelectric material. The company’s first product, expected to launch in 2012, will integrate its thermoelectric material directly into conventional solar hot water collectors, enabling the production of electricity in addition to heat and hot water.
GMZ also is exploring waste heat recovery applications for the automotive and industrial process markets.
The Foley Hoag team representing GMZ included Peter Rosenblum and Matthew Eckert. The new investment was led by Mitsui Ventures and includes I2BF Global Ventures, Energy Technology Ventures (a joint venture of GE, NRG Energy and ConocoPhillips), Kleiner Perkins Caufield & Byers, and BP Alternative Energy.
About Foley Hoag LLP
Foley Hoag is a dynamic law firm that represents public and private clients in a wide range of disputes and transactions worldwide. We have expertise in industries such as life sciences and healthcare, technology, energy and cleantech, investment management, and professional services. We also offer our clients market-leading international litigation and arbitration and corporate social responsibility services. From our offices in Boston, Washington, D.C. and Paris, and our Emerging Enterprise Center in Waltham, Massachusetts, we provide strategic legal advice that is tailored to each of our client’s unique goals. Foley Hoag combines powerful regional, national and international practices that share a common emphasis on client service. We are focused on what we do best: helping our clients succeed through the delivery of exceptional legal service. For more information, visit www.foleyhoag.com