Control4 raises $17.3m.

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Saturday, August 1, 2009

DRAPER, Utah--Control4, a maker of home control and entertainment system solutions, announced in July that it had raised $17.3 million in sixth-round funding.?

Best Buy Capital, Mercato Partners and University Venture Fund were joined on the deal by return backers Foundation Capital, Frazier Technology Ventures, Thomas Weisel Venture Partners and vSpring Capital.

“Our innovative home automation and energy management solutions provide exciting new energy monitoring and control capabilities that meet the needs of utilities and energy-conscious consumers,” said Will West, CEO at Control4, in a statement.

“This funding will help us maximize this new market opportunity by advancing Control4’s ability to control and integrate with other devices in any residence or business connected to a Smart Grid. With this financing, we can increase our resources to deliver products desired by homeowners, businesses and utility companies alike.”