Intel and Aster exit portfolio company CPower to Constellation Energy Group.
US-listed utility Constellation Energy Group has bought CPower, a local energy management company part-owned by Intel Capital and Aster Capital, a France-based venture capital firm with two main strategic limited partners.
Constellation agreed to buy CPower, formerly known as ConsumerPowerline, in mid-September from semiconductor company Intel’s corporate venturing unit, Aster and VC peers Bessemer Venture Partners, Mayfield Fund, New York City Investment Fund, Consensus Business Group and Expansion Capital Partners for an undisclosed sum.
Intel made its initial investment of an undisclosed…
