Venture capital offers new opportunities


SmartSynch, provider of wireless smart metering technology for the energy industry, has received an additional $12 million in venture capital funding. Battelle Ventures – an investment firm whose sole limited partner is Battelle Memorial Institute – has become a company investor.

The Battelle Memorial Institute manages or co-manages five national laboratories for the Department of Energy, including Oak Ridge National Laboratory. SmartSynch says that the relationship with Battelle Ventures and Oak Ridge provides it with significant opportunity to expand its research and development efforts.