Funding and M&A Roundup: GridX Raises $40 Million in Series C Funding
Antin Infrastructure Partners acquires SNRG
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GridX, a provider of cloud-based business operations support solutions to utilities and energy suppliers, has raised $40 million in a Series C funding round led by Energy Impact Partners. Other participants include Moore Strategic Ventures (MSV), Sunfox Capital, and NGP ETP. In conjunction, Hunter Horgan of MSV joined the company’s board of directors. GridX also announced that Chris Black had been appointed CEO of GridX. Both moves aim to speed the clean energy transition by accelerating the development of GridX’s rate analytics and complex billing solutions and building out its sales and marketing, product, and engineering teams.
