Seegrid has raised $25 million in a round of equity funding from venture capital firm G2VP. Terms were not disclosed, but the company said its valuation was somewhere in the “multi-hundred million dollar” region.
UBS Investment Bank, which served as Seegrid’s advisor for this investment, noted that the fundraising was a “strong testament to the strength of Seegrid’s technology and its growth prospects” despite the COVID-19 outbreak.