Electric Imp is excited to announce that we just closed a new round of funding. This $21 million Series C round was led by London-based Rampart Capital, alongside company insiders and returning venture capital investor, Redpoint Ventures.
The new funding will enable us to accelerate our growth and development as we continue to aggressively expand our platform globally to enterprises in commercial and industrial markets.
”This funding is a natural step in Electric Imp’s ongoing expansion and validates our approach with large commercial and industrial customers,” said Hugo Fiennes, CEO and co-founder of Electric Imp. “Since we launched our enterprise cloud offerings in 2015, we’ve been focused on helping companies in these markets bring their IoT strategies to life. The enterprise market has responded positively to our technology and cloud platform, which enables our customers to get their devices connected, and deliver data quickly and cost effectively – without sacrificing security.”
“Our flexible solution, coupled with rapidly expanding commercial and industrial demand, were key factors in raising a solid C round in the face of a challenging funding environment,” said Oliver Hutaff, Electric Imp’s CFO/COO.
Learn more about Electric Imp’s Series C funding here.
Hugo Fiennes
CEO/Co-founder