Private Equity Fund Investments
IvyCap-backed energy mgmt firm Bidgely raises $26-M
Bangalore- and USA-based energy technology firm Bidgely has raised USD 26 million (INR 190.8 crore) in a funding round led by Moore Strategic Ventures. The round also saw participation from Accurant International as well as existing investors like Future Energy Ventures, Georgian and Constellation Technology Ventures. The company offers artificial intelligence (AI)-based solutions to electricity distribution companies to enable them to serve their customers better as well as modernise their grid operations.
From the Venture Intelligence PE-VC Deal Database: Bidgely had raised about INR 15 crore from India-based VC firm IvyCap Ventures in March 2021. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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