Electric Imp Obtains $7,900,000 New Round

  • Feed Type
  • 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