Australia: Greensync closes $8.7m in CEFC-led Series B, to expand into SE Asia

Image from GreenSync Facebook page.

Australia’s GreenSync, an energy technology company, has raised $8.7 million (A$11.5 million) in a Series B funding round led by Australian government-owned Clean Energy Finance Corporation (CEFC) and Southern Cross Venture Partners.

The Clean Energy Innovation Fund, which draws on the combined skills and experience of the CEFC and the Australian Renewable Energy Agency (ARENA), committed $3.78 million while Southern Cross Venture Partners, a joint venture between ARENA and Softbank China Venture Capital, committed a further $3.78 million, with the remaining capital provided by a private fund.

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