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Venture Capital News: Clarke Industrial Engineering Raises $1M

2014-09-03
N. KINGSTOWN, RI, Firm designs and markets Shutter Valves, has raised $1,000,000 through the sale of Series A Preferred Stock to investors led by New World Angels.
Clarke Industrial Engineering Inc. (Clarke), which designs and markets Shutter Valves, has raised $1,000,000 through the sale of Series A Preferred Stock to investors led by New World Angels.

Kyle Daniels, CEO and President of Clarke, created the patented energy-saving Shutter Valve and considers it to be the first significant innovation in the industrial valve industry in over 50 years. 'The Shutter Valve is truly a game changing technological innovation for industrial customers around the world,' said Mr. Daniels. 'From its ultra-thin footprint, fantastic reliability, lower power consumption, precision flow control, reduced water hammer and zero leakage, our valve provides performance and efficiency that far exceeds current expectations.'

Mark Kacer, CFO and COO of Clarke, added 'With this investment, the Company now has the capital to begin its product roll out which includes the completion of several high profile beta tests with blue chip companies.'

Bill Dambrackas, Executive Chairman of Clarke, added 'Solving customer problems with innovative products is the essence of every entrepreneurial effort, and the raising of venture capital is a key step in validating the entrepreneur's vision. Clarke is off to a great start.'

About Clarke Industrial Engineering:

CEO & President Kyle Daniels holds advanced degrees in engineering and entrepreneurship from Ohio State and Brown University. Mr. Daniels invented the Shutter Valve and through many years of innovations has developed it into the finest high performance valve in the world. The Company's mission is to continue to innovate and develop valves that customers, technicians, mechanics and engineers will love to use.

Contact Clarke at 401-667-7880 or visit their website at: www.clarkeindustrialengineering.com

About New World Angels:

New World Angels is a private investment group with chapters in Tampa and in South Florida. In addition to providing funding, NWA makes their significant expertise and resource networks available to portfolio companies.
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