Smart Grid VC Funding Shows Signs of Life with $238 Million in Third Quarter
Mercom Reports on Smart Grid Sector Funding and M&A Activity for Q3 2012
October 22, 2012
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Smart grid venture capital (VC) funding showed some signs of life in Q3 2012 with $238 million in 12 deals. The rise in funding was mostly due to $136 million raised by Alarm.com, a security and home automation company. VC funding in the last three quarters had been relatively weak (Q4 2011 – $66M in 10 deals, Q1 2012 – $62M in 10 deals, Q2 2012 – $66M in 9 deals), whereas VC funding even without the Alarm.com transaction exceeded $100 million this quarter.
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Utsav Sinha
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