Energy data software provider FirstFuel has closed a $23m series C round featuring E.ON and EDF-backed fund Electranova Capital, bringing its total funding to almost $44m.
Energy utility provider E.ON participated in an oversubscribed $23m series C round for FirstFuel Software, a US-based software-as-a-service provider for the energy sector, on Wednesday.
The round was led by venture capital firm Next World Capital and featured Electranova Capital, the VC fund managed by energy utility EDF and private equity firm IdInvest Partners, and VC firms Battery Ventures, Rockport Capital and Nth Power.
E.ON previously led an $8.5m series B round for FirstFuel in 2013 that also included Battery,…
