AUSTIN, TX — (Marketwired) — 07/21/15 — Group, llc, a global clean energy communications and consulting firm, released its report on funding and mergers and acquisitions (M&A) activity for the Smart Grid, Battery/Storage and Energy Efficiency sectors for the second quarter of 2015.
(VC) funding (including private equity) for companies was down with $104 million (M) in 18 deals in Q2 2015, compared to $185M in 15 deals in Q1 2015. Smart Grid companies have now raised $289M in the first half of this year compared to $183M raised in the same period in 2014.
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The Top funded company in Q2 2015 was Actility, which raised $25M. Other top deals were Smart Wires, with $17.3M; Bit Stew Systems, with $17.2M; and DataTorrent, which received $15M. Rounding out the Top 5 was Itineris, which raised $10M.
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Thirty-seven investors participated in smart grid VC funding rounds in Q2 2015, including two accelerators. Within Smart Grid, Data Analytics companies raised the most funding.
There was one this quarter: home automation company Alarm.com, raised $98M.
There were three Smart Grid transactions in Q2 2015 totaling $15M.
Companies in the Battery / space received $126M in VC funding in 13 deals, significantly higher compared to $69M in seven deals in Q1 2015. Battery/Storage companies raised $194M in the first half of 2015 compared to $282M raised in the first half of 2014.
Top / Storage deals included the $58.1M raise by VionX Energy, followed by Cnano Technology, with $15M. Stem with $12M, Skeleton Technologies with $10.7M and Advanced MicroGrid Solutions which received $8.8M.
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There were 24 investors who participated in VC funding rounds this quarter. Within Battery / Storage, flow battery companies raised the most funding. There were seven debt and public market financing deals in the Battery/Storage category totaling $69M in Q2 2015. There was one M&A transaction in Battery/Storage in Q2 2015.
companies received $211M in VC funding in 18 deals in Q2 2015, up compared to the $140M in 15 deals in the first quarter. Efficiency companies have brought in $351M in the first half of 2015 compared to $269M in the same period last year.
Top Energy Efficiency deals included the $70M raise by Transphorm; followed by Aledia, with $31M; and FirstFuel Software, with $23M. eVolution Networks raised $22.5M, and GaN Systems raised $20M. There were 42 investors who participated in VC funding rounds.
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There were five debt and public market financing deals in the Energy Efficiency category for $355M this quarter compared to $183M in three deals in Q1 2015. The largest deal was the $240M raise by Renovate America.
There were 10 M&A transactions in the Energy Efficiency category in Q2 2015.
To get a copy of the report, visit:
Mercom Capital Group, llc, is a global communications and research firm focused on . Mercom advises companies on new market entry, custom and strategic decision-making. Mercom–s communications division helps companies build powerful relationships with media, analysts, local communities, and strategic partners. About Mercom: .
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