GridPoint Snares $16.2M Loan Financing

May 16, 2014 By Linda Hardesty

GridPoint energy managePrivately-held GridPoint, a big data analytics company that offers energy management systems for facilities, obtained $16.2 million in loan financing from un-named “existing shareholders,” according to Bloomberg. The new financing comes six months after Todd Raba became CEO of the company.

The new funds will go toward GridPoint‘s five-year strategic plan instituted by Raba.

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