AlertMe secures £8M in VC funding
AlertMe, a developer of home energy management devices based in the UK, has raised £8 million ($12.9 million) in a second round of venture funding.
Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners participated in the financing. AlertMe, which was launched in 2006, will use the proceeds to commercialize some of its existing products and develop new ones.
In March, AlertMe started selling its SmartPlug – a power management device that retails for £25 ($40). GreenTechGrid reports that in its last funding round the Cambridge startup raised £5 million from angel investors and an unnamed Boston-based firm.
