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OnGreen is OnTrack for Expanding Operations

November 10, 2010

Los Angeles-based OnGreen announced yesterday that it has secured $1.4 million in Series A funding from an international partnership of Blue Marble Ventures (here in Los Angeles), and China Southern Hong Kong Investment (over in Shanghai).

 

Connecting sustainable ideas with funding

 

OnGreen uses a LinkedIn-style platform to connect innovators working on environmentally sustainable ideas with entrepreneurs looking to invest in such ideas. According to CEO and founder of OnGreen, Nikhil Jain, “more than 250 deals have been posted from 30 countries, with around 30% of those hailing from outside of the U.S. so far.” Aside from connecting environmentally conscious innovators with like-minded and eager investors, OnGreen also facilitates feedback to encourage refined and innovative products.

 

The OnGrean Team

 

Jain plans to use the funding to create a Chinese version of the OnGreen website, to build his company’s presence in China and India over the next year, and to start a patent exchange in collaboration with the University of Southern California Energy Institute. We recently publicized OnGreen’s partnership with USC and MWD to bring together technologies and investors at a green technology showcase on November 16, 2010.

Moreover, OnGreen plans to generate revenue from advertising, lead generation, events, custom research, and other sources. Jain expects the company to become profitable by the end of 2011.

Other links for information are found below:

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2 Comments leave one →
  1. November 10, 2010 7:50 pm

    A big breakthrough in Green Innovations.

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