Power Survey raises $30 mln in Series A2 financing round
Montréal-based power quality systems maker Power Survey and Equipment Ltd has raised about $30 million (US$24 million) in a Series A2 financing. The round was initiated by the company's majority investor EnerTech Capital and Investissement Québec (IQ) alongside new investors led by Cycle Capital Management, joined by Fonds de solidarité FTQ and BDC Capital. Power Survey used part of the funds raised to buy Power Standards Lab Inc, a U.S. maker of electric power instruments, earlier in July. They will also be used for geographic and product line expansion. Led by President and CEO Mario Barbaresso, Power Survey last year raised $10 million from EnerTech and IQ.
24 July 2017•4 mins read
