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…
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.
