Aster Capital, a France-based multi-corporation-sponsored venture capital (VC) firm, has struck its second deal in the past week by joining a consortium investing $8m in EcoFactor, a US-based provider of residential energy management services.
Alongside Aster in EcoFactor’s series B round were VC firms Claremont Creek Ventures and RockPort Capital Partners.
Todd Dauphinais, partner at Aster Capital, a clean technology-focused VC sponsored by France-based industrial groups Schneider Electric, Alstom and Solvay Rhodia in its €130m second fund, said: “EcoFactor has demonstrated significant commercial progress across a number of different channels, including utilities, broadband providers, and home energy service companies, [such as Reliant Energy and Comcast,] by providing both the end customer and strategic partners with real, measurable value.
EcoFactor previously raised nearly $4.5m in December 2009 from Claremont.
Last week, Aster also backed SolarFuel in €7.5m ($9m) round with Ventrex Automotive and private investors.
