Silver Spring Networks Receives Investment from GSV Capital

Funding Rounds

▤ Summary

Silver Spring Networks, a Redwood City, CA-based energy efficient smart grid provider, has received an investment of undisclosed amount from the publicly traded investment fund GSV Capital Corp. (Nasdaq:GSVC).The company, which filed with the Securities and Exchange Commission for an IPO of its common stock on July 7, 2011 (read here) already included Kleiner Perkins Caufield & Byers Google Ventures, Foundation Capital, and Northgate Capital as investors (read here).Silver Spring provides hardware, software and services designed to allow utilities to deploy and run multiple smart grid solutions, including Smart Metering, Demand Response, Distribution Automation and Distributed Generation, over a single, unified network.Customers include Baltimore Gas & Electric, CitiPower & Powercor, Florida Power & Light, Jemena Electricity Networks Limited, Pacific Gas & Electric, Pepco Holdings, Inc., and United Energy Distribution, among others.FinSMEs 17/07/2011

$ Funding

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Amount - Total raised
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Date July 17, 2011 Announcement date
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Investors GSV Capital Lead investors
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Company http://www.silverspringnet.com Funded company

▥ Classifications

industries
EduTech - institutions
applications
Web and Content Management

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▦ Linked Companies

Silver Spring Networks
$25M to $50M