Salesforce Ventures led the round, with participation from new investors Activate Capital, Collaborative Fund, Emerson Collective, and MCJ Collective and existing investors Breakthrough Energy Ventures, Coatue, Grok Ventures, and The Westly Group. With a continued focus on climate investments, the Salesforce Ventures Impact Fund took its first lead role in the WeaveGrid investment. The Series B comes just eighteen months after WeaveGrid announced its $15 million Series A.

WeaveGrid is a software company building data products to enable the electric transportation transition. The SaaS company's platform connects a growing wave of electric vehicles to an electric grid that was not designed to support the high-power needs of widespread charging. WeaveGrid uses cutting-edge data science and optimization to bring value to all stakeholders in this transition, including utilities, automakers, and drivers.