Startup · $10m raised
Melbourne, VIC
Every investor coverage indicates participated in a round GreenSync raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Renewable Energy Agency (ARENA) | Grant | $10,000,000 |
Investors whose own portfolio pages list GreenSync, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Virescent Ventures | its portfolio page ↗ |
The transaction that ended GreenSync's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Intellihub | Acquisition | 26 Apr 2022 | - | RenewEconomy (Tue 13 Dec 2022), Startup Daily, RenewEconomy (Tue 26 Apr 2022) |
Companies GreenSync acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Bruce Thompson | CEO | RenewEconomy |
| Phil Blythe | CEO | ARENA, RenewEconomy |
Stories naming GreenSync. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.
Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.
The government renewable energy agency is granting millions to a metering company for a platform that aggregates household energy devices into flexible demand across the national grid.
Metering firm Intellihub has bought the assets of Pooled Energy, a NSW smart pool retailer that entered administration amid electricity price rises. The article also recalls Intellihub's April purchase of GreenSync and Pooled's ARENA grant.
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
Also Startup Daily
Smart metering venture Intellihub has completed its purchase of Melbourne energy tech firm GreenSync, whose deX platform will join Intellihub's new CrescoNet technology arm to expand virtual power plant capability.
Distributed energy software company SwitchDin has secured a five million dollar investment from solar manufacturer Q Cells, whose German parent sees Australian rooftop solar technology as key to integrated energy offerings.
ARENA commits a $10 million grant to GreenSync to scale its deX distributed energy platform nationally, having earlier funded $450,000 toward the prototype's development and pilot.
Also RenewEconomy
ARENA commits grant funding for AEMO's virtual power plant trial and for GreenSync's grid software, while Ausgrid and Reposit Power launch a trial VPP across Sydney and surrounding regions.