Fidelity's Moonray Investors and Arm have backed the smart grid company, with Moonray buying out previous seed investors.
Arm, a Nasdaq and London-listed chip company, and a venture arm of financial services firm Fidelity International have led a $7m fundraising by UK-based smart grid company Amantys.
Moonray Investors, which invests using fidelity’s balance sheet after the group spun off its previous corporate venturing unit Fidelity Ventures to form Volition Capital last year, has also bought the remaining "external" minority stakes in the company, as well as co-leading the round, Amantys said. IP Group joined Amantys’ founders in…
