BDC, NGEN Partners among VCs backing REGEN Energy's $7 mln Series B funding
Wireless energy management company REGEN Energy Inc has secured US$7 million in a Series B financing round. The round was led by a unidentified global energy company and included participation from existing Canadian investor BDC Venture Capital Energy/Cleantech Fund and U.S. investor NGEN Partners. The new funds will allow the Toronto-based REGEN to increase sales, marketing and support infrastructure, to continue to advance Swarm Energy Management™, the company's wireless smart grid technology platform, and to enhance its product line. Founded in 2005, REGEN also has an office in Newport Beach, California. The company received its seed financing from MaRS Investment Accelerator Fund.
5 February 2014•2 mins read
