RavenBrick secures $5 million in funding to open 40,000-square-foot manufacturing facility in Denver
Denver-based RavenBrick has secured a $5 million round of equity funding from an affiliate of Aravaipa Venture Fund of Boulder, Colo., enabling it to build an automated production line and begin large-scale fabrication of its patented RavenWindow product. The 40,000-square-foot automated facility will produce 1 million square feet of the dynamic, energy-efficient RavenWindow technology for use in commercial and residential windows. RavenBrick expects to hire 80 employees in early 2013 to staff the new facility.
“Unlocking the potential of building energy efficiency is one of our top initiatives,” said Paul Scharfenberger, finance manager of the Colorado Energy Office, in a Sept. 6 release. “We selected RavenBrick to receive a loan from our Revolving Loan Fund because its technology is driving significant advancements in the next generation of efficient building products, and the company is poised to create a significant number of jobs in Colorado.”