Electrical Grid Monitoring’s $17.5 Million Funding Round

EBN&Co advised Energy Growth Momentum and Israel Electric Corporation on the deal.

Electrical Grid Monitoring raised USD 17 million in a series B financing round led by Energy Growth Momentum, and included Israel Electric Corporation Ltd.

Electrical Grid Monitoring has developed a holistic system that produces all the useful information needed to manage power grids in the era of new challenges, i.e. integration of DERs, dealing with extreme climate phenomena and erratic power quality, as well as enabling grid virtualization. 

The EBN&Co team was led by Partner Eyal Wiesel (Picture) and Associate Bar Fenster, as well as intern Asaf Hadar.

Involved fees earner: Bar Fenster – EBN & CO – Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron; Eyal Wiesel – EBN & CO – Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron;

Law Firms: EBN & CO – Erdinast, Ben Nathan, Toledano & Co. With Hamburger Evron;

Clients: Energy Growth Momentum; Israel Electric Corporation Limited;