New York-listed home improvement retailer Lowe’s Companies has joined the second round of funding for Recurve, a US-based provider of energy efficiency software.
Recurve, formerly known as Sustainable Spaces, raised $8m in its series B round from Lowe’s, as a new investor, and two US-based venture capital firms. RockPort Capital Partners and Shasta Ventures had both previously backed Recurve’s $6m series A round in 2008, four years after its launch.
Pratap Mukherjee, chief executive of Recurve, said: "Lowe’s 60-year history in the home improvement industry will be valuable in shaping Recurve’s growth."