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GridPoint Raises Venture Capital Debt Funding

Wednesday, May 14, 2014 5:45:00 AM PDT | VentureDeal

   Arlington, Virginia  --  Energy management technology company GridPoint has secured $16.2 million in venture capital debt investment, according to an SEC regulatory filing.

GridPoint provides what it calls intelligent energy management smart grid products that help provide protection from power outages and reduce energy costs.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds. Not an offer or solicitation for sale of securities.

GridPoint is backed by a large syndicate of venture capital and private equity investors, including New Enterprise Associates and Goldman Sachs.

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