- 2
- February
2017
Kiwigrid raises Series C to build global energy IoT platform
Kiwigrid raises a double-digit million Euro Series C from Aqton, Stefan Quandt’s family office that also invested in Heliatek’s Series D, Innogy and LG Electronics to build a global energy IoT platform. The Dresden-based smart green startup won the ECO16 Gold Award in the late stage category and has got over 105 employees. High-Tech Gründerfonds, Germany’s largest seed investor with 80% public money, and Innogy Venture Capital, the old corporate VC fund of Innogy that is in its divestment period, sold their shares completely and celebrate a financial exit with positive returns.
Read more- 8
- November
2016
Statkraft Ventures teams up with ETF Partners and leads $5M Series A in Greenbird from Norway
Ubiquitous smart meters are a key infrastructure component for the smart green utilities of the future because they generate a lot of valuable data and enable new energy services and dynamic pricing. In fact, it is a surprise that smart meter rollouts happen rather slowly in most countries due to slow regulators and hesitant utilities that are not yet ready to make substantial upfront investments in millions of smart meters that may bring more economic benefits to consumers than to the utilities themselves. Luckily, the Nordic countries and their resident startups have a headstart. Today, Düsseldorf-based corporate VC Statkraft Ventures leads the $5M Series A in Greenbird teaming up with London-based ETF Partners who were on the top of their potential co-investor list. The Norwegian energy IoT startup is Statkraft’s second investment this year after DEPsys from Switzerland in June.
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