Upside Energy, the operator of a cloud energy management system, has raised $7.4m in a series A round co-led by Legal & General Capital.

UK-based energy management software provider Upside Energy has secured £5.5m ($7.4m) in a series A round co-led by Legal & General Capital, a subsidiary of insurance firm Legal & General.

The round, which was co-led by investment and advisory firm SystemIQ, was disclosed by Upside without the figure, which was reported by The Energyst. It also featured energy asset management firm Modern Energy and venture capital firm Bulldog Innovation Group.

Founded in 2013, Upside has created a cloud-based software platform…