On April 8, 2025, Corinex Communications announced the successful closing of its US$30-million Series A financing round led by U.K.-based Energy Growth Momentum, with additional investment from European growth equity funds Suma Capital and Adara Ventures. Corinex plans to use the funding to support their expansion and deployment in major European electricity markets and pave the way for the mass adoption of decentralized low-carbon technologies.
Corinex Communications, based in Vancouver, B.C., is a pioneering provider of broadband over power lines (BPL)-based grid visibility and flexibility solutions, enabling the digital transformation of energy distribution systems worldwide.
Energy Growth Momentum is a U.K.-based private equity firm dedicated to investing in proven operational and digital technologies that enhance the commercial and carbon efficiency of energy assets.
Suma Capital is an independent alternative asset manager, a leader in ecological transition. The firm focuses its investments on sustainability through three different programs: Sustainable Infrastructure, Growth Capital and Venture Capital.
Adara Ventures is a leading European venture capital firm specializing in deep tech investments.
Osler, Hoskin & Harcourt LLP advised Corinex Communications with a team consisting of Mark Longo, Jacques Du Plessis and Eliot Escalona (Emerging and High Growth Companies).
Key Contact
Vancouver Managing Partner, Vancouver
Team
Partner, Emerging and High Growth Companies, Vancouver
Associate, Emerging and High Growth Companies, Vancouver
