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Sefaira secures $9.2m from venture capital investors

2 Oct 2013

software3_lrgSoftware company Sefaira has secured a $9.2m funding package including a $2m venture debt facility from Silicon Valley Bank.

Existing backers including Braemar Energy Ventures, Netherlands-based Chrysalix SET and the UK’s Hermes GPE provided the remaining $7.2m. in April last year Sefaira raised a $10.8m Series A round, which was led by Braemer and backed by Chrysalix SET and Hermes GPE.

The company, which produces cloud-based energy efficiency software to help architects design buildings, said that it plans to announce a number of products in the fourth quarter.

Managing director of commercial banking for Silicon Valley Bank’s UK branch Erin Lockwood said, “We are excited to be able to extend this facility to Sefaira. Sefaira has proven itself a leader in software for high performance building design and energy efficiency, and we are pleased to become a partner and support their continued growth.”

In August this year Silicon Valley Bank backed a $14m financing round raised by media and advertising business Martini Media, which was also supported by Venrock, Granite Ventures and Reed Elsevier Ventures.

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