EMeter takes $12.5M for utility-scale energy management

Chris Morrison | April 7th, 2008

Energy and resource tracking company eMeter has raised $12.5 million in its fifth round of venture funding, almost mirroring a funding for $500,000 less completed this time last year.

The company makes software that tracks the meters of millions of customers, whether they’re using electricity, gas, or water. The information is reported back to utilities, who can use it toward their smart grid initiatives.

Siemens Corp. led the funding, and was joined by Foundation Capital and DBL Investors. According to a regulatory filing acquired by VentureBeat, Banner Partners and the Cree and Jennifer Edwards Family Trust also participated.

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  1. April 8th, 2008
    2:30 am

    Ambient takes $10.7M from Duke Energy for smart grid tech » VentureBeat said:

    [...] required). The investment follows closely on two others into similar companies: eMeter just received $12.5 million, and last week, GridPoint, which also works with Duke, took on $15 million more. But there’s [...]

  2. April 8th, 2008
    8:56 am

    Greentech Media: Cleantech Investing » Blog Archive » Go big or go home? said:

    [...] has raised a $12.5mm fifth round of financing, just about a year after their $11.8mm Series C. Siemens led the latest round, which also included [...]

One Comment

  1. April 8th, 2008
    5:13 am

    David Michaud said:

    Tom - you should call these VCs

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