SmartEnergy closes $15 million round of financing

The investors include strategic utilities, venture capital and global banks who had made earlier funding commitments (August 2000) for $15 million. Specific investors that participated in the round are: an American contingent including utilities Alliant Energy (NYSE: LNT) and WPS Resources Corporation (NYSE: WPS), Avian Securities, and private investors; and a European contingent led by Dexia Ventures, the private equity arm of Dexia Bank (Bloomberg: DEX BB), a USD $211 billion asset bank based in Belgium; KBC bank (Bloomberg: KBC BB) with USD $135 billion in assets; venture capital groups Trust Capital, Proseed Capital Holdings and Technoledge Ventures.

By ANN DE ROUFFIGNAC
OGJ Online

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