IEC and UK-based private equity firm Energy Growth Momentum invest in Israeli start-up, EGM Ltd.
Categories: Hi-Tech, Projects & Energy
IEC – Israel Electric Corporation and the UK-based private equity firm Energy Growth Momentum have agreed to a USD 17 million series B financing round in the Israeli startup, EGM Ltd.
EGM’s technology promotes smart grid, and the financing amount is designated to enable the development and deployment of EGM’s system to monitor and analyze the grid.
Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron represented both Energy Growth Momentum (which led the financing round) and the IEC, with partner Eyal Wiesel and associate Bar Fenster advising.
