Thanks, Groupon: NEA closes monster $2.6B fund

Proving that the venture model is working for at least a few select brand name venture capitalists, NEA announced on Wednesday that it’s closed a massive $2.6 billion new fund. The firm describes the fund as “one of the largest venture funds ever raised.”

GridPoint Raises Even More Money

GridPoint — the smart grid startup that’s raised lots of money and has a lot to prove — has now raised yet even more funding: a $23.6 million round according to a filing. That brings 8-year-old GridPoint’s total financing to over $240 million since its founding.

Smart Grid Firm GridPoint Goes Postal

Smart grid firm GridPoint says it’s scored a deal to provide its energy management system to potentially 2,250 United States Postal Service locations in the U.S. USPS needs all the help it can get when it comes to reducing costs.