Corinex sells technology for monitoring and managing electricity flows over power lines, which is in demand as energy grids get more complicated. The new money is coming from U.K. private equity firm Energy Growth Momentum and Spain’s Suma Capital and Adara Ventures. (The Logic)

Talking point: Historically, most power grids took electricity from big generators like dams and moved it through smaller and smaller wires until it reached consumers. Now, a grid might include single wind turbines, factories selling surplus power during off hours, homes with solar panels—and quick EV chargers that demand sudden bursts of energy. Corinex, led by Slovakian-Canadian entrepreneur Peter Sobotka, promises to help utilities manage these more complex flows. The company said the investment will support deployments in European markets such as Germany, Spain, and the U.K.