Gridco Systems Receives $12,000,000 New Financing Round

  • Feed Type
  • Date
    10/7/2016
  • Company Name
    Gridco Systems
  • Mailing Address
    10 Commerce Way Woburn, MA 01801 USA
  • Company Description
    Gridco Inc. is a leader in active grid infrastructure solutions: powering the agile grid.
  • Website
    http://www.gridcosystems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $12,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This new funding will enable Gridco to expand the markets for our proven technology solutions in North America and Europe, while providing the capital to support continued commercial growth,” said Naimish Patel, Gridco Systems CEO.
  • M&A Terms
  • Venture Investor
    General Catalyst Partners
  • Venture Investor
    Lux Capital
  • Venture Investor
    North Bridge Venture Partners
  • Venture Investor
    Undisclosed