Siemens and British Gas are joined by Climate Change Capital Private Equity, backing the Germany-based smart grid company.
Germany-based industrial conglomerate Siemens’ corporate venturing unit and UK-based energy company British Gas have backed Germany-based smart-grid company Power Plus Communications.
The pair of investors joined existing investor Climate Change Capital Private Equity, a €200m European private equity fund which is managed by Climate Change Capital, a subsidiary of US-based Bunge, in the company’s €12m ($15m) series B round. Siemens and British Gas invested €4.5m each, while Climate Change Capital Private Equity invested €3m, according to a person familiar with…
