Obvious Ventures invests $3 mln in Enbala Power Networks
Enbala Power Networks, a Canadian provider of real-time solutions for distributed energy resource management, has secured $3 million in follow-on funding. The investment was made by Obvious Ventures, a U.S. venture capital firm, and will be used by the company "to extend and enhance its technology platform." Earlier this year, Enbala raised $11 million from GE Ventures, Edison Energy, Export Development Canada, EnerTech Capital Partners, Sorfina Capital and Chrysalix Energy Venture Capital. Based in Vancouver, the company was founded in 2003. It is led by President and CEO Bud Vos.
15 September 2015•2 mins read
