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Siemens takes Tendril to $25m round

Jun 17, 2011 • Toby Lewis

Germany-based industrial conglomerate Siemens’ corporate venturing unit has backed US smart grid company Tendril, which has allowed the company to raise $25.3m of a planned $30m series D round, according to its latest regulatory filing.

Tendril is backed by US-listed industrial conglomerate General Electric, US venture firms VantagePoint Venture Partners, RRE Ventures, Vista Ventures and Appian Ventures, US pension fund TIAA-CREF and quasi-corporate venturing group Good Energies.

Newswire Reuters said the portfolio company had raised at least $73m…

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