Project Frog Raises $20 Million In Series D
Project Frog is a San Francisco, California based developer of energy efficient component buildings, that has raised $20 million in a Series D round of funding from CCM US and several members of the Cleantech Syndicate. Project Frog was founded in 2006 and the company previously projected to hit $40 million in revenues for 2013. The company has delivered over 7 times the square footage of buildings this year than they did in 2012. Project Frog is known for targeting school districts, healthcare, and retail.
Project Frog develops building components that arrive at construction sites for assembly. The “Flex kits” are used in a number of use cases. The company is also continuing to build out their product design and manufacturing capabilities.
“For education, we now have a price point affordable to the masses, making available a bright alternative to portables,” stated Project Frog CEO Ann Hand. “We aren’t going to stop until we have millions of kids in these Frogs. We’re also further developing our healthcare and retail solutions, as well as some innovative solutions for new verticals.”