Germany-based cleantech software developer PE International has raised €10m ($12.9m) in series B funding from Siemens Venture Capital, the corporate venturing division of electronics conglomerate Siemens, and private equity firm GIMV.
PE International will use the funding to support company expansion and research and development for its sustsinability management software products.
PE International has also announced that Friedrich Froschl, a former member of the executive board at Siemens, will join its board of directors. The company raised $11m in series A funding in 2010 from Siemens and GIMV.