Blu Homes, Inc. , a Waltham, MA-based designer, manufacturer and supplier of green homes and buildings, has raised more than $7m from private investors.
The funds will be used primarily to support new product development, R&D and sales and marketing.
Commenting on the round, Bill Haney, co-founder and president of Blu, was quoted as saying: “This financing will be used to scale our business.
“The market for beautiful, green, healthy homes is sizeable and we have a unique product at a reasonable price that homeowners, developers and corporations across the country are buying.
“Our new 80,000 square foot facility in East Longmeadow, Mass. will allow us to meet the growing demand”, he added.
Blu’s buildings comes in a variety of models, sizes and floor plans, including studios, homes and commercial buildings, all allowing for interactive customer design involvement.
FinSMEs
14/05/2010