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…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?