Electric Imp Lands $15,000,000 Series B Financing
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1e5c9273-ee99-43b1-8484-65804f094d77 - Date
8/13/2014 - Company Name
Electric Imp - Mailing Address
5050 El Camino Real Los Altos, CA 94022 USA - 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
$15,000,000 - Transaction Round
Series B - Proceeds Purposes
The new funding adds to the $8 million Series A investment the company received in 2012, and will accelerate the continued rapid growth, development and worldwide adoption of the company’s platform and product portfolio. - M&A Terms
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