US-based supply chain management software developer Qmerit closed a $11.8m funding round on Wednesday backed by investments units of energy management technology provider Schneider Electric and utility Innogy.
The corporates were joined by private equity firm Strandview Capital, which led the round. Schneider Electric contributed from an unspecified vehicle and Innogy participated through its Innogy Ventures division.
Founded in 2015, Qmerit runs a cloud-based software-as-a-service that helps clients keep abreast of procurement costs for building works such as plumbing or…
