Clevest secures growth financing from Accel-KKR, Vancity

Clevest Solutions Inc, a Canadian software provider focused on mobile workforce automation and smart grid operations for utilities, has obtained growth equity financing. The undisclosed investment was led by Accel-KKR, a U.S. technology private equity firm, with participation from Vancouver City Savings Credit Union, a previous investor in the company. Clevest, which has its headquarters in Richmond, British Columbia, said the capital infusion will facilitate continued investment in innovation and market expansion. Founded in 2002, Clevest's mobile platform has created value for more than 150 utility customers worldwide, the company said.

17 July 2015•2 mins read
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