Gridco Raises $12M for Power Electronics to Tame the Grid Edge

By [email protected] Gridco Systems, a startup offering next-generation power electronics devices to actively manage voltage and reactive power at the distribution circuit level, has raised $12 million in a funding round that includes existing investors, as well as an intriguing new strategic investor — German power transformer regulation company Maschinenfabrik Reinhausen GmbH (MR).

The new round brings the Woburn, Mass.-based startup’s total financing to date to $54 million. The investor group included previous investors General Catalyst, Lux Capital and North Bridge Venture Partners, as well as “one of the world’s largest private family investment offices,” according to Thursday’s announcement.

As for MR, it’s a

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