Venture capital and strategic investors invest $29.5m in Xtreme Power.
Xtreme Power, a US-based maker of energy storage and power management systems for utilities, has raised $29.5m from strategic and venture capital (VC) investors in its series C round.
Repeat VC Sail Venture Partners was joined as co-lead in the round by peer Bessemer Venture Partners and US industrial group Dow Chemical’s corporate venturing unit. Monty Bayer, global business director of ventures and business development, led the deal for Dow.
Additional new investors included Posco ICT, an engineering and…
