Energy Impact Partners related stories
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Opus One Solutions closes Series B round led by Renewal FundsOpus One Solutions, a Toronto-based smart grid software engineering company, has raised a Series B financing. The undisclosed round was led by Canadian impact venture capital firm Renewal Funds. It joins the company's strategic investors Energy Impact Partners and Engie. Founded in 2011 by President and CEO Joshua Wong, Opus One’s technology helps utility partners gain visibility into electricity distribution systems and better manage distributed energy resources. The funds raised will be used to expand offerings in North American and global markets. Opus One is the first investment of Renewal's fourth social and environmental impact fund.
AutoGrid lands $32 mln Series DRedwood City, California-based AutoGrid, a provider of artificial intelligence-driven optimization and controls for the energy industry, has raised $32 million in Series D funding. The investors included CLP Holdings Group, innogy, Ørstead and Tenaska.
- Arcadia Power lands $25 mln Series B
Arcadia Power, a developer of a digital utility, has raised $25 million in Series B funding. G2VP led the round with participation from other investors that included ValueAct Spring Fund, McKnight Foundation, Energy Impact Partners, Cendana Capital, Wonder Ventures and BoxGroup.
- Scaling strategies drive $562 mln raised by Canada’s top VC deals in Q2
Canada’s venture capital market showed no signs of slowing in Q2. The market’s top 10 second-quarter VC financings raised $562 million from investors. That’s on par with the $561 million drawn by the top 10 deals a year earlier. The estimate is based on PE Hub Canada’s list of the largest rounds announced from April through June, supplemented by Thomson Reuters data. It suggests that VC investment activity this year is continuing to keep pace with the robust trend lines of 2016-2017. In fact, preliminary data point to growth in dollars flowing to technology sectors in the first half of 2018.
CIX names Ecobee its 2018 innovator of the yearCanadian Innovation Exchange (CIX) has named Ecobee its 2018 “Innovator of the Year”. Toronto's Ecobee is the developer of a smart Wi-Fi thermostat that has won more than a third of the smart thermostat market and shown over 100 percent year-over-year growth since its founding in 2007. Earlier this year, the company closed a $127 million Series C financing /canada/2018/05/smart-home-platform-ecobee-tops-series-c-127-mln/ which brought its total venture capital funding to date to more than $200 million. President and CEO Stuart Lombard will accept the award and tell his company's story as the opening keynote speaker at CIX's Toronto conference on October 22 http://canadianinnovationexchange.com/2018/
- Canadian VC sees biggest Q1 since dot-com era as top deals nab $927 mln
Canada’s venture capital market has started the year with a bang. The top 10 first-quarter VC financings drew a substantial $927 million from investors. That’s up 40 percent from the $661 million raised by the top 10 deals a year earlier and close to twice the $491 million raised by the top 10 deals in Q1 2016. The estimate is based on PE Hub Canada’s list of the largest rounds announced from January through March, supplemented by Thomson Reuters data.
- Ecobee picks up Series C funding
Toronto-based Ecobee Inc, a maker of a smart Wi-Fi thermostat, has raised C$80 million ($61 million) in Series C funding. Energy Impact Partners led the round with participation from other investors that included Thomvest, Relay Ventures and the Amazon Alexa Fund.