Indow Windows closes $1.3M investment
By Christina Williams
Sustainable Business Oregon editor
Sam Pardue, CEO of Indow Windows, said his company's participation in the Cleantech Open was key to the closing of a $1.3 million Series A investment.
"Really it's all about opening up new markets right now," said Pardue, who is close to hiring a new sales director.
Indow Windows, which has a strong foothold in the Northwest region, is honing in on the Northeastern United States as a potentially strong market for the company due to weather patterns, high utility rates and a plethora of old homes. Indow Windows, which offers an inexpensive option for improving home energy efficiency by making custom, removable inserts for single-pane windows, is especially popular with owners of older homes.
Through a grant from Oregon BEST, Indow Windows is hiring a summer intern who will use mapping and database technology to pinpoint areas of the country that hold the most potential as Indow markets.
Pardue said he expects Indow Windows to raise a Series B investment round sometime next year to further accelerate the company's national expansion.
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