Georgian Partners leads $27 mln Series C funding of Bidgely
Mountain View, California-based energy management company Bidgely has raised US$27 million in a Series C financing, bringing its total funding to US$51 million. Georgian Partners, a Canadian growth equity firm, led the round. It was joined by existing investors, including Khosla Ventures, E.ON and innogy. Founded in 2011, Bidgely's software-as-a-service platform applies machine learning to utility meter data to itemize the amount and cost of energy used by customers. Led by CEO Abhay Gupta, the company plans to use the proceeds of the Series C to advance its growth opportunities in the utility analytics space.
19 January 2018•3 mins read
