Gridco Gets $12.5M for Smart Grid

Cambridge, MA-based Gridco has raised $12.5 million in equity financing, according to a regulatory filing. The form lists venture capitalists Ric Fulop of North Bridge Venture Partners and Hemant Taneja of General Catalyst Partners as the company’s directors, along with Naimish Patel, formerly of Sycamore Networks. Back in May, the Boston Globe reported that North Bridge and General Catalyst were backing Gridco, a new startup focused on smarter power management technology for utilities and industrial power consumers.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and Editor of Xconomy Boston. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

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