Tendril secures $30 million in Series C funding
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[June 10, 2009]

Tendril secures $30 million in Series C funding

Jun 10, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Tendril Networks, Inc., a US-based provider of software and hardware products for two-way communication between energy retailers and customers, has secured $30 million in Series C funding round led by VantagePoint Venture Partners.



Good Energies, Inc., RRE Ventures, and Vista Ventures are also participated in the funding round.

Deal Value (US$ Million) 30 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2009-06-09 Deal Participants Target (Company) Tendril Networks, Inc.



Deal Rationale Tendril Networks would use the proceeds to strengthen its TREE partner's network, including in-house device and appliance manufacturers, advanced meter vendors, and application developers.

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