GRA VentureLab graduate Urjanet garners $4 million in Series B financing

September 10, 2012 at 2:32 pm Leave a comment

Grotech Ventures has joined the GRA Venture Fund and Imlay Investments in  providing $4 million in Series B venture financing to Urjanet, a GRA VentureLab graduate based on technology developed at Georgia Tech.  Urjanet is a leading provider of energy data that enables large-scale energy consumers with multiple locations to make energy-related decisions that can save money, reduce their carbon footprint and measure ROI on energy investments.

“Business models which revolve around data are very attractive to investors, but they must also address a critical market,” said Steve Fredrick, general partner at Grotech.  “Urjanet is building a business at the confluence of energy and data.  They are solving the pain enterprise customers face in acquiring accurate and timely energy data on which to make informed decision.”    Read more here>

Entry filed under: Commercialization/VentureLab, News. Tags: .

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