Episode 449
449: Inside Goldman Sachs & Shell Ventures $75M bet on GridPoint, with Peter Corsell (Chairman) & Melissa Blanken (CMO)
In this audio-exclusive, host Nico Johnson gets unique behind-the-scenes insight into the strategic investment by two industry giants, Goldman Sachs Asset Management and Shell Ventures, into one of the more well-established building energy management platforms in climatetech - GridPoint.
GridPoint today announced it has closed a $75 million strategic capital raise led by the Sustainable Investing Group within Goldman Sachs Asset Management (Goldman Sachs), with additional participation by Shell Ventures . “Goldman Sachs has been a strong supporter of GridPoint since the company's early days,” said Peter L. Corsell, Chairman & Founder of GridPoint and Global InfraTech Fund Partner at I Squared Capital. “We are now delighted to work closely with Goldman’s Sustainable Investing Group and Shell Ventures in this next, important chapter of GridPoint’s growth.”
Listen in as Nico discusses both the nature of the investment and the new GridPoint that is set to emerge with Peter Corsell. How will the existing business model expand or change? Hear from Melissa Blanken, GridPoint’s CMO, on the renewed vision for this climatetech startup that was indeed ahead of its time. And Nico probes for further clarity as this investment appears to usher in a clear shift in focus from Utilities to their Commercial building customers.
Consider this the official behind-the-scenes story to the Press Release issued today by GridPoint.
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