GroundedPower scooped up by peer Tendril, which raises $23m to fund acquisition.
US-based Tendril, which provides applications for the electric grid and is backed by industrial conglomerate General Electric (GE), has raised $23m in its series D round to help acquire peer GroundedPower.
GroundedPower operates its Interactive Customer Engagement System for consumer-driven energy management and efficiency.
Greg Kats, partner at Good Energies, a quasi-corporate venturing division run by the Brenninkmeijer family that owns retailer C&A, said: "GroundedPower brings methods of creating persistent behavioral energy efficiency together with an user-centered design…
