Summary
- Schneider Electric Ventures has led an $18 million financing for Sense.
- Sense is developing a home energy monitoring system for the consumer.
- Schneider appears to be restarting an investment strategy in startups bringing new technologies to the consumer and businesses.
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Quick Take
Schneider Electric (OTCPK:SBGSF) has led an investment syndicate in Sense’s recent Series B funding round of $18 million.
Sense is developing a home energy management system for consumer use.
SBGSF led the round for Sense, which is part of renewed investment activity for Schneider as it begins a push into the connected home market. I expect additional investments both within the space as well as in connected business and industrial markets.
