LineVision Announces $33M Series C in Growth Capital to Accelerate the Net Zero Grid
LineVision, Inc., the world's leading provider of overhead line monitoring for electric utilities, today announced the closing of its $33 million Series C financing round. The proceeds from this round will be used to accelerate global growth of its Grid Enhancing Technology (GETs) platform, used by leading utilities around the world to increase the capacity, flexibility, and safety of their transmission grids and accelerate the transition to net zero
The round is led by Climate Innovation Capital and co-led by S2G Ventures, with strategic participation from Microsoft Climate Innovation Fund and Marubeni.
SOMERVILLE, Mass., Oct. 4, 2022 /PRNewswire/ -- LineVision, Inc., the world's leading provider of overhead line monitoring for electric utilities, today announced the closing of its $33 million Series C financing round. The proceeds from this round will be used to accelerate global growth of its Grid Enhancing Technology (GETs) platform, used by leading utilities around the world to increase the capacity, flexibility, and safety of their transmission grids and accelerate the transition to net zero.
The round is led by Climate Innovation Capital, a fund that invests in climate technologies and businesses that are poised to deliver the greatest amount of carbon reductions in the shortest period of time, and co-led by S2G Ventures, a $300 million multi-stage clean energy fund that invests to accelerate the transition to the clean energy, low carbon economy needed to mitigate the worst impacts of climate change.
Other new investors include Microsoft Climate Innovation Fund, a $1 billion investment initiative to accelerate technology development and deployment of new climate innovations, and Marubeni, a leading global investor, developer, and operator of infrastructures across energy, utilities, telecommunication, and transportation. Existing investors including UP Partners, National Grid Partners, Clean Energy Ventures and Zoma Capital also participated in the round.
