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Electric Raises $40M From Greenspring Associates to Redefine IT Support

PUBLIC · ELECFFeb 23, 2021

Amount Raised

$40 Million

Round Type

Funding Round

OtherInformation TechnologySoftwareInternet ServicesPrivacy And Security

Description

 Electric, the industry leader in providing world-class IT technology and real-time support for small and medium-sized businesses, today announced it has raised $40 million in Series C funding. Greenspring Associates is leading the round, with participation from Electric's existing investors including Bessemer Venture Partners, GGV Capital, 01 Advisors and Primary Venture Partners and new investors Atreides Management and Vintage Investment Partners, bringing the total amount raised to over $100 million.

Quick answer

Electric raised $40 Million in a Funding Round round, dated February 23, 2021.

How much did Electric raise?
Electric raised $40 Million in a Funding Round round on February 23, 2021.
What does Electric do?
About ElectricElectric is the industry leader in providing world-class IT technology and real-time support for small and mid-sized businesses.

Source: Fundz verified event record.

Who else raised in Internet Services and Privacy And Security around the same time

Companies in the same sectors as Electric that raised within 45 days of this round, from Fundz verified event records.

  • StackHawk, Inc. raised $16K (Seed) on April 9, 2021.
  • DoControl raised $10M on April 9, 2021.
  • Bytechek, Inc. raised $100K (Pre-Seed) on April 2, 2021.
  • Klowen Braces raised $6M on March 26, 2021.
  • Linktree raised $45M (Funding Round) on March 25, 2021.
  • Sheeva.AI raised $2M (Seed) on March 12, 2021.

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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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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.