AlertMe, a UK-based home energy conservation company, has raised £15m ($23.9m) in its third investment round which included a strategic investor and local utility British Gas.
British Gas invested £5.7m in cash for its 15.96% stake and will take a seat on AlertMe’s board, it said.
Alongside its equity investment, British Gas has agreed to pay more than £20m to deploy AlertMe products and services to its customers in the UK as it rolls out two million smart meters by…