Navetas completes £5m funding round
Suffolk-based energy management firm Navetas has completed a funding round worth £5m.
The funding has been provided by American utility infrastructure giant Sensus, which has agreed an exclusive licensing contract with Navetas under the terms of the investment.
Essex-based law firm Ashfords has provided legal advice on the deal. Corporate partner Chris Dyson said that the funding “should facilitate (Navetas’) growth plans, and lead to the creation of new jobs.
“Navetas is an exciting prospect, as recognised by this tie-up with a major player in the global energy market.”