US-based smart grid technology company Silver Spring Networks secured $24m out of a planned $30m in debt funding on Tuesday, six weeks after it re-filed for its initial public offering (IPO).
Silver Spring has not disclosed the identity of the investors in the latest round but has raised $297m in equity since its founding in 2002, not including a previous round of debt financing in December 2009, which totalled $8.3m.
Silver Spring’s past investors include corporate venturing unit Google Ventures, though according to the IPO filing, the largest shareholder in the company is investment firm Foundation Capital, which owns 41% of Silver Spring’s stock.
Other shareholders in Silver Spring include construction firm Boldt and renewable energy company NextEra Energy, as well as Kleiner Perkins Caufield & Byers, WR Holdings, NCD Investors, JVB Properties and Northgate Capital.