Independent venture capital firms avoid Consert's series A round with strategic investors providing $17.7m.
Strategic investors have filled the first institutional round for US-based energy company Consert without using venture capital firms.
Consert raised $17.7m in its series A round from wholesale power supplier Constellation Energy, industrial conglomerate General Electric’s GE Energy Financial Services, and two corporate venturing units of phone companies: Qualcomm Ventures and Verizon Ventures.
Jack Roberts, chief executive of Consert, said: "This group of investors advances our vision of creating an integrated green energy solution with smart infrastructure, real-time communications, and…
