Navitas Capital, backed by Johnson Controls, leads $12.2m financing for energy efficiency company.
Optimum Energy, a US-based company which increases energy efficiency in buildings, has completed a $12.2 million financing round led by a new investor, venture capital firm Navitas Capital (backed by a venture capital advisory relationship with industrial technology company Johnson Controls). The round includes existing investor Columbia Pacific Capital Management.
The financing round will accelerate Optimum Energy’s strategic focus on augmenting its next-generation energy optimization solution.
James Pettit, Navitas’ managing partner, said: “We believe that Optimum is the clear market…