Current, which leases its technology to utilities companies, has secured funding from some new corporate backers.
US-based smart grid company Current received $13m in funding from a range of investors including Germany and China-based outdoor advertising company Business Media China and Espírito Santo Ventures, the corporate venturing unit of the Portugal-based financial services company Espírito Santo Group, yesterday.
The round also featured investment from existing backers including Enertech Capital, the corporate venturing division of energy company EnerTech, investment partnership Associated Partners and investment bank Goldman Sachs.
Pedro Ribeiro Santos, principal at Espírito Santo Ventures, said:…
