Energy savings on Australia’s largest flexible demand trial
The government renewable energy agency is granting millions to a metering company for a platform that aggregates household energy devices into flexible demand across the national grid.
Company
smart meter growth company
Every published round Intellihub took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Intellihub has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Intellihub, as distinct from the investments it has made.
Companies Intellihub has backed that another company then bought. An exit for the holding, not a deal Intellihub did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Intellihub is recorded as having been acquired. | ||||
Companies Intellihub acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| GreenSync | Acquisition | 26 Apr 2022 | - | RenewEconomy (13 Dec 2022), Startup Daily, RenewEconomy (26 Apr 2022) |
Stories naming Intellihub. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
The government renewable energy agency is granting millions to a metering company for a platform that aggregates household energy devices into flexible demand across the national grid.
Techboard's monthly roundup counts 40 Australian startup raises worth $498m in April 2023, headlined by Saluda Medical and Eucalyptus, plus smaller rounds and fund closes by Purpose Ventures and Proto Axiom.
Australia's Clean Energy Finance Corporation commits $80 million to Pacific Equity Partners' decarbonisation infrastructure fund, which closed above expectations at $1.4 billion, and earlier backed a similar Crescent Capital vehicle.
Metering firm Intellihub has bought the assets of Pooled Energy, a NSW smart pool retailer that entered administration amid electricity price rises. The article also recalls Intellihub's April purchase of GreenSync and Pooled's ARENA grant.
The renewable energy agency funds a company's trial putting fifty electric vehicle chargers on street power poles across nine New South Wales council areas, with partners supplying hardware, charging services and green power.
Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.
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Smart metering venture Intellihub has completed its purchase of Melbourne energy tech firm GreenSync, whose deX platform will join Intellihub's new CrescoNet technology arm to expand virtual power plant capability.
Techboard's year-end roundup catalogues November funding activity: big raises for Rokt, Harrison.ai and Pet Circle, five acquisitions, Investible's second fund closing at $51.6m, plus a watchlist of companies still seeking capital.
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