Electric Imp Obtains $7,900,000 New Round
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Feed Type
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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
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Venture Investor
Redpoint Ventures -
Venture Investor
Lowercase Capital
