Allegro Development raises $40,000,000

Allegro Development Corp., a leading provider of energy trading and risk management (ETRM) software solutions has announced the successful closing of its first institutional funding.  PeHub reports the amount as $40 mm.  “It is clear to Tudor [Venture Capital] that Allegro encapsulates both the technology and trading acumen to become the dominant supplier of ETRM software solutions to the producers, users and traders of energy and commodities.”