Gridium Raises $14M in Funding
- Gridium, a Menlo Park, CA-based decarbonization company that partners with real estate firms, raised $14M in funding
- The round was led by Navitas Capital
- The company also entered into a revolving debt financing facility sized at $10M with Mitsubishi HC Capital America, Inc
- The facility supports its capacity to provide upgrades to equipment, controls and software without requiring an upfront capital expenditure from customers, an offering named Gridiu m Alpha
- Projects will be executed in the service territories of PG&E, SDG&E, and SCE in California
- The company intends to use the funds to accelerate its hiring efforts, scale its software offerings, and bolster strategic partnership opportunities
