Shell's corporate venturing subsidiary has invested in energy management software company Growing Energy Labs as part of a round sized at $8.4m according to an SEC filing.
US-based energy management software provider Growing Energy Labs (Geli) has raised $8.4m, according to a securities filing yesterday, from investors including oil and gas company Shell.
The involvement of Shell, which invested through its corporate venturing arm, Shell Technology Ventures (STV), was revealed by STV managing director Geert van de Wouw on Tuesday. Geli has not disclosed any other investors in the round.
Founded in 2010, Geli has built a software platform that can design, connect, monitor and manage energy…
