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This just in:
Electric Imp announces closing of $21M Series C financing, led by Rampart Capital, company insiders, and returning Redpoint Ventures. The new funding brings the total raised to date by the company to $43 million.
“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.
Hugo Fiennes, CEO and co-founder of Electric Imp: “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.”
For the full announcement, see BusinessWire.
Cheers,
— Terrence
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