Recurve, a San Francisco-based company that provides software and services for the home performance industry, recently announced that it secured an $8 million Series B round of financing. New investor Lowe’s Companies joins existing investors RockPort Capital Partners and Shasta Ventures in the financing. The company said that it will use the new funds to meet the growing demand and expedite the distribution of its software suite to the home performance industry.
“Recurve has been a leader in the national home performance industry over the past six years and now we’re poised for significant growth along with the industry,” said Pratap Mukherjee, CEO, Recurve. “We’re pleased to have continued support from RockPort Capital and Shasta Ventures and are extremely excited to welcome new support from Lowe’s. Lowe’s 60-year history in the home improvement industry will be valuable in shaping Recurve’s growth.”
“Since our original investment in Recurve a year and a half ago, the market for energy efficiency has taken off and Recurve has made substantial progress in developing and launching their unique software solution for that market. We’re excited for the amazing possibilities this new financing offers,” said Tod Francis, managing director, Shasta Ventures.
Recurve, founded in 2004, was formerly known as Sustainable Spaces. The company received $6 Million in Series A funding in September 2008.