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EcoSmart Solution LLC is pleased to announce the appointment of Richard D’Amore and Paul Deninger to the EcoSmart Board of Directors, increasing the size of its non-executive Board to five, effective October Sᵗʰ 2021.

Their appointment follows a successful recapitalization and growth round raise of $33,000,000 in 2021. The firm is now targeting accelerated growth as it participates in the rapid scale up of interest in decarbonized, electrified and resilient real estate.

Paul and Rich are recognized business leaders with a combined 60+ years of extensive management experience, knowledge of the technology market, capital markets and investment banking. They join existing board members, Peter Merrigan (Chairman), Erik Rijnbout and Eric Bradley and will add their unique business and dynamic leadership experience sets which will be vital to guiding EcoSmart’s growth.

Richard D’Amore
With three decades of experience in venture capital, Rich is currently a General Partner of North Bridge Venture Partners, an early-stage venture capital and growth equity firm he co-founded in 1994. He also serves on several Boards for both public and private companies. Prior to starting North Bridge, Rich was a partner at Hambro International Equity Partners, where he invested in both early- stage projects and special situations. Before Hambro, Rich worked as a consultant at Bain and Company, and as a certified public accountant with Arthur Young and Company.

A dedicated supporter of higher education, Rich is on the Board of Trustees at Northeastern University, where he promotes innovation and research that can drive economic growth. Rich holds a BS from Northeastern, summa cum laude and also has an MBA from Harvard University Graduate School of Business Administration where he was a Baker Scholar.

Paul Deninger
An experienced Board Director, former CEO, and CEO Advisor, Paul has particular expertise in strategies for resource and capital allocation to achieve growth and value creation. Over the past 30 years, he has advised hundreds of CEOs and boards on shareholder value creation, including how to leverage technology to achieve transformation and growth. He has deep capital markets experience, having completed over 150 IPO, M&A, and financing transactions with the world’s leading technology companies and top-tier investment firms. In that same time, he has also built deep knowledge of, and insight into, the most important technology markets and use cases, including software and SaaS, networking, cybersecurity, marketing services, other internet and technology-based services, IoT, AI and machine learning.

Paul holds an MBA from Harvard Business School and a BS from Boston College.

Through the newly appointed members’ demonstrated expertise and proven track record, the Board will focus on accelerating product development, refinement and commercialization of technologies, and preparing the organization to scale up. Peter Merrigan noted that “The Board looks forward to working closely with both Rich and Paul to tap into their extensive experience in transforming early- stage growth companies into significant platforms for growth and positioning those firms for possible entry into public markets.”