GreenCom plugs into new funding

Dec 3, 2020 • Jordan Williams

Oil and gas business Shell has joined energy companies Centrica and Eon to invest in a $14.5m round for the energy brokerage platform developer.

GreenCom Networks, a Germany-based provider of energy internet-of-things (IoT) software, has closed a €12m ($14.5m) funding round co-led by Shell Ventures, the corporate venturing arm of oil producer Shell.

The round was co-led with venture capital firm Energy & Environment Investment, with additional funding coming from Centrica, fellow energy utility Eon’s Future Energy Ventures platform, Munich Venture Partners (MVP) and Set Ventures.

Founded in 2011, GreenCom provides an energy information brokerage platform that integrates home energy devices such as solar…

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