CDC Entreprises, I-Source, Bouygues in €3.7m round for Ijenko

CDC Entreprises invested €2m in Ijenko through the Ecotechnologies fund. Historical backers I-Source Gestion and Bouygues Telecom Initiatives provided the remainder of the round.

I-Source led a €2m investment in the business in January 2010, alongside Direct Energie and Bouygues. I-Source led a further €3.5m round in May 2011, which also saw the two corporate backers reinvesting.

Ijenko will use the fresh capital to drive its technical and commercial development.

Company
Established in 2008, Ijenko specialises in home energy management services. It offers a range of solutions to energy providers, enabling end-users to monitor and optimise their energy consumption.

People
Laurent Arthaud and Gilles Schang led the deal for CDC.

Advisers
Equity – Jones Day (Legal); Grant Thornton (Financial due diligence).
Company – LS Avocats (Legal).

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