Foley Hoag Represents Tank Utility in $2M Financing

September 06, 2016

Foley Hoag LLP recently represented Tank Utility, a service provider of remote monitoring for truck-delivered fuels, in its $2.2M seed funding. The funds will be used to accelerate growth and further Tank Utility’s mission of making truck-delivered energy more efficient and customer-friendly.

Created in 2014, Tank Utility has offices in Massachusetts and Illinois. The company’s offerings include internet-connected tank level monitors, cloud-based software and mobile apps that streamline delivery logistics and improve customer service.

Energy Foundry and Blue Fog Capital led the round with participation from Generac Power Systems, Bolt and several strategic angels.

Foley Hoag attorneys Mark Haddad and Sara Mattern advised Tank Utility in the transaction.