GridPoint Raises $45M in Funding
Summary
The round was led by Marunouchi Innovation Partners (MIP), a climate tech fund sponsored by Mitsubishi Corporation. Other investors included Goldman Sachs, I Squared Capital, Shell Ventures, TOMS Capital, Fortress Investment Group, Olympia Group, and QVT Financial. The company intends to use the funds to accelerate its growth and international expansion into Japan and South Korea. GridPoint is an energy management technology company that decarbonizes commercial buildings and drives grid modernization. Its technology platform is deployed in 20,000+ commercial buildings across multiple industries, optimizing energy and sustainability goals for commercial enterprises and electric utilities at the same time, leveraging data analytics, machine learning, and intelligent automation to deliver visibility into complex building operations, reducing energy costs, optimizing decarbonization, and increasing resiliency.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
