Depsys deepens cash reserves in series B round

Feb 18, 2019 • Jack Hammond

The Statkraft-backed energy management software producer has secured $13.1m series B funding from financial services firm BNP Paribas and Set Ventures.

Switzerland-based energy management software provider Depsys has collected CHF13.2m ($13.1m) in a series B round that included banking group BNP Paribas and venture capital firm Set Ventures.

Founded in 2012, Depsys has developed a software platform known as GridEye to enable electric grid operators to measure, monitor and control their networks in order to ease the process of integrating renewable energy technologies.

The company focuses on helping distribution network operators in Germany and Switzerland, though it plans to continue to…

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