Advanced Microgrid Solutions Status
The company raised over $34 million of Series B venture funding in a deal led by Energy Impact Partners, Southern Company (NYSE: SO) and DBL Partners on July 10, 2017, putting the pre-money valuation at $54.3 million. Cthulhu Ventures, GE Ventures, The Australian Gas Light Company, Arnold Schwarzenegger and Macquarie Group also participated in this round. The company plans to use the new funding to expand its platform services to new markets. The round brings total funding to $52 million to date. Previously, the company raised $200 million of venture funding from Macquarie Group on July 11, 2016.