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Chargelab Welcomes Strategic Investors Eaton And Silver Comet In Expanded $30 Million Series A

Apr 14, 2023over 2 years ago

Amount Raised

$30 Million

Round Type

series a

TorontoEnergyTransportationSustainability

Investors

King River Capital

Description

Today, ChargeLab is announcing the addition of $15 million in new financing to their Series A, doubling funds previously raised and bringing the round's total to $30 million. This expansion includes $10 million in new equity financing at an increased valuation and $5 million in venture debt. The company's first Series A tranche of $15 million led by King River Capital was previously announced on May 18, 2022.

Company Information

Company

ChargeLab

Location

Toronto, Ontario, Canada

About

ChargeLab builds OCPP-compliant software for managing EV charging stations. We also offer affordable turnkey charging solutions including hardware, software, and installation for businesses and governments.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech