May 13 (Bloomberg) -- GridPoint Inc., a closely held provider of energy-management technology, raised about $16 million from existing investors.
The debt offer includes warrants allowing backers to purchase eight common shares for every $1 invested, according to a filing today with the U.S. Securities and Exchange Commission.
The round closed April 25 and all funds came from its current backers, Sarah Trainor, a spokeswoman for Arlington, Virginia-based GridPoint, said in a phone interview.
To contact the reporter on this story: Justin Doom in New York at firstname.lastname@example.org
To contact the editors responsible for this story: Reed Landberg at email@example.com Will Wade, Carlos Caminada