Smart Grid Companies Raise $289 Million in First Half of 2015, Reports Mercom Capital Group
AUSTIN, TX–(Marketwired – Jul 21, 2015) – Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the Smart Grid, Battery/Storage and Energy Efficiency sectors for the second quarter of 2015.
Venture capital (VC) funding (including private equity) for Smart Grid companies was down with $104 million (M) in 18 deals in Q2 2015, compared to $185M in 15 deals in Q1 2015. Smart Grid companies have now raised $289M in the first half of this year compared to $183M raised in the same period in 2014.
The Top VC funded company in Q2 2015 was Actility, which raised $25M. Other top deals were Smart Wires, with $17.3M; Bit Stew Systems, with $17.2M; and DataTorrent, which received $15M. Rounding out the Top 5 was Itineris, which raised $10M.