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GridPoint Raises $16 Million In Series B Financing; Altira Group Leads Round Followed by Contango Capital Management and Advantage Capital Partners.

Publication: Business Wire
Publication Date: 17-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
WASHINGTON -- GridPoint, Inc.(TM), a provider of intelligent energy management (IEM) products, today announced that it recently closed a $16 million Series B financing to fuel sales and marketing efforts, as well as broaden the company's product offerings. The round was substantially oversubscribed. The lead institutional investor is the Altira Group, a leading capital provider to innovative energy technology companies. Additional institutional investors include Contango Capital Management and Advantage Capital Partners.

GridPoint has also built a syndicate of distinguished private investors, including former U.S. Senator Bill Bradley and noted technology author...

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