Fundz

Electric Secures $20M In D-1 Funding Round, Bringing Valuation Over $1B

PUBLIC · ELECFMar 29, 2022

Amount Raised

$20 Million

Round Type

Funding Round

OtherInformation TechnologySoftwareInternet ServicesPrivacy And Security

Description

Electric, the leader in providing world-class IT technology for small and medium-sized businesses (SMBs), today announced it has raised $20 million in Series D-1 funding from Harmonic Growth Partners, five months after its $90 million Series D with GGV Capital, Bessemer Venture Partners, Greenspring Associates and others. This new funding brings the company's valuation to $1 billion and the company's total amount raised to over $200 million.

Company Information

Company

Electric

About

About ElectricElectric is the industry leader in providing world-class IT technology and real-time support for small and mid-sized businesses. With over 400 customers and more than 30,000 employee end-users, Electric's IT platform includes: real-time support powered by 100+ IT technicians, security, device & inventory management, network & server management, application & cloud management, employee on-boarding and off-boarding, procurement & provisioning, and data monitoring & insights. Electric is funded by an all-star team of investors including: Bessemer Venture Partners, GGV Capital, 01 Advisors, Primary Venture Partners, Bowery Capital, Slack, Atreides Management, Vintage Investment Partners, and Greenspring Associates.

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Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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