REGEN Energy closes Series B financing round at $12 mln

REGEN Energy Inc has completed its Series B financing round, raising more than $12 million. The deal was led by an unidentified U.S. utility business, Export Development Canada and EnerTech Capital, and was supported by existing investors BDC Capital and NGEN Partners. An earlier tranche of the Series B round was announced in February. Based in Toronto, REGEN helps owners of commercial, industrial and institutional buildings manage electrical demand through its wireless smart grid technology platform. The company said its platform has so far been adopted by over 300 organizations. In September, REGEN announced the appointment of Pete Malcolm as its new president and CEO.

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