Electric Imp Obtains $7,900,000 New Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=80c00a95-c086-4a5e-bc2d-a00182969792&Preview=1 - Date
5/17/2012 - Company Name
Electric Imp - Mailing Address
Undisclosed Los Altos, CA 94022 - Company Description
Electric Imp is a startup which develops the Imp, a chip intended to provide Internet connectivity to all electrical devices. The Imp uses WiFi and a cloud service to make it easier than ever before for vendors to internet-enable their products, bringing the power of the internet to places and devices it could never reach before. - Website
http://www.electricimp.com - Transaction Type
Venture Equity - Transaction Amount
$7,900,000 - Transaction Round
Undisclosed - Proceeds Purposes
The company is looking to hire additional employees with the financing. - M&A Terms
- Venture Investor
Redpoint Ventures - Venture Investor
Lowercase Capital
