The IoT management system producer secured the fresh funding in a round raised over two tranches, in addition to a $15m debt facility, bringing its overall financing to $90m.
US-based internet of things (IoT) platform provider Greenwave Systems raised $45m in a two-tranche series C round yesterday featuring energy utility E.ON.
The first funding phase was led by EDBI, the investment vehicle of the Singaporean government’s Economic Development Board, while the second attracted Singapore Technologies Telemedia, a subsidiary of Singaporean state-owned investment firm Temasek.
E.ON and venture capital firm Westly Group also participated in the round. Greenwave has not disclosed the individual sums of the two tranches, though it…
