News Summary

Vancouver-based Corinex has raised $42 million CAD in an all-equity round led by Energy Growth Momentum and joined by Spanish investment firms Suma Capital and Adara Ventures. The funds will support the deployment of Corinex’s power grid visibility solutions across major European electricity markets like Germany, Spain, and the UK. The investment round marks Corinex’s first external funding, having previously been funded by its founder and the Canadian government’s SR&ED program. Corinex’s technology, which includes data-collecting sensors and software, is designed to automate and enhance the capacity of low-voltage energy infrastructure, aiding Europe’s energy transition.