Investors including LG Electronics and Innogy have supplied at least $11m in series C capital to Kiwigrid, providing exits to Innogy Venture Capital and HTGF.

Kiwigrid, the Germany-based developer of an internet-of-things (IoT) platform for the energy market, has secured a double-digit million euro sum (€10m = $11m) from investors including corporates LG Electronics and Innogy.

Energy utility Innogy and consumer electronics manufacturer LG Electronics were joined by family office Aqton, which led the round.

Innogy purchased the shares from its corporate venturing subsidiary, Innogy Venture Capital, while public-private venture capital partnership High-Tech Gruenderfonds (HTGF) also exited in the round. Kiwigrid is seeking up to two…