US-based energy services management company Tendril has secured a $7.2m investment from GDF Suez New Ventures, the corporate venturing arm of energy utility GDF Suez.
Tendril secured $20m from solar systems maker SunPower in December 2014, after it had raised $15m from conglomerates Siemens and General Electric, as well as Good Energies, VantagePoint Ventures and RRE Ventures, the previous year.
The company has now raised more than $185m since it was founded in 2004, according to regulatory filings.
Tendril has developed a cloud-based, data-driven platform that enables homes and businesses to manage their energy use more efficiently. It will use the latest funding to expand into European markets through access to GDF Suez’s customer base.
GDF Suez established a €100m ($125m) fund in May 2014 to invest in companies focused on energy efficiency and storage. It acquired a 33% stake in energy monitoring and electrical mobility technology company Powerdale in August 2014 for an undisclosed amount.