LineVision, a US-based provider of power line sensor technology, completed a $12.5m series B round yesterday that included National Grid Partners, the corporate venturing arm of electricity provider National Grid.
Electrification and mobility-focused venture capital firm Up Partners led the round, which was also backed by family office Zoma Capital and existing investors such as Clean Energy Ventures.
Founded in 2018, LineVision has created sensors that collect data on overhead power lines in real time, tracking line temperature, horizontal motion and sag levels. National Grid has been using the technology since 2018.
Clean Energy Ventures led a $2m series A round for the company in January 2019 that included angel investor David Brewster. It subsequently raised $2.3m in debt financing in December the same year, according to a regulatory filing.
Photo courtesy of LineVision, Inc.
