Internet of Things Capital Raises in the U.S. – September 2nd-15th, 2024
Several interesting transactions closed in the Internet of Things sector this week. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Later Stage VC
- Kinara, a developer of AI processors for edge devices, raised venture funding from Camford Capital.
- Everactive, a provider of self-powered IoT systems, raised $10.92 million of venture funding.
Buyout/LBO
- Syxsense, a provider of endpoint security solutions for IoT devices, was acquired by Absolute Software through an LBO.
Accelerator/Incubator
- Lumian, a provider of IoT-enabled smart lighting systems, graduated Eksim Pulse Startup as a part of its Acceleration Program.
- Astrabeam, a company specializing in IoT-based communication networks, joined Plug and Play Tech Center as a part of its Inaugural Semiconductor Accelerator Program First Cohort.
- MEI Micro, a manufacturer of IoT sensors for industrial applications, joined Plug and Play Tech Center as part of its NeoCity’s First Cohort.
- Silicon Assurance, a provider of IoT device verification services, joined Plug and Play Tech Center as a part of its inaugural semiconductor accelerator program.
Seed Round
- Readybit Labs, a developer of IoT software solutions for real-time analytics, raised $50,000 of seed funding.
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Axel Reijmers
Managing Director
Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
- Email: areijmers@castleplacement.com
- (C) (201) 747-4718
 Axel ReijmersManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
