Clarke Valve Raises $1.9 Million and Expands Management Team

Clarke Valve Inc. (Clarke), which designs and markets the patented Shutter Valve completed its 3rd round of venture funding in December bringing the total raised to $3.7 million.

Mark Kacer, Clarke’s CFO/COO, stated “This enables us to fund volume production of our 1”, 2” and 4” Shutter Valves. As demand for our leading edge products continues to grow, the cost efficiencies realized from these volume builds will result in the ability for Clarke to price its premium products very competitively”.

“We also expanded our management team with the addition of Jeff Buck, a seasoned executive with world class experience in engineering and production.”, added Kacer. “As the former CEO of a leading custom manufacturing company with four facilities in New England, Buck not only brings world class supply chain management skills to Clarke but also provides additional strategic perspective that will help Clarke accelerate its success. Furthermore, we recently recruited Chad Heffernan as our Manager of Sales & Marketing reporting to Kyle Benson, VP of Sales & Marketing. Chad brings Clarke over twenty years of high level, strategic sales and marketing experience.”

Kyle Daniels, Founder and CEO added “We have designed our Shutter Valve to not only provide the best performance in the world, but also for ease of manufacturing, resulting in competitive pricing for our customers. With Jeff Buck on board to oversee the engineering and production functions combined with the other members of senior management, I am very confident that we have the right team in place to introduce leading edge technology into a complacent industry that has not seen any real innovation in the last 50 years.”

Bill Dambrackas, Clarke’s Chairman added “Bill Pruitt and his associates led this latest round of funding and represented the majority of the funds raised. They were joined by Clarke’s original investor, New World Angels (NWA), which has invested in all 3 rounds”.

“Bill Pruitt, along with Alexander J. Blake, an initial and continuing Clarke investor, have joined our Board of Directors adding their valuable experience and knowledge to help guide the Company”, said Dambrackas. “Clarke is now well-positioned to go to next level in the world-wide $100 billion valve market”, he added.