Top 10 Internet Of Things Capital Raises and Investors in the U.S. – January 1st to March 31st, 2026
Several interesting transactions closed in the Internet Of Things sector over the past quarter. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
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- BWR Innovations, temperature monitoring and fuel cell technology that serves the hospitality, health care, military, and vehicle industries, received development capital from Abernathey Holding Co.
- Healthmetryx, software applications and health monitoring devices that leverages the Internet of Things (IoT) technologies that converts personal respiratory data into useful, differentiated diagnostic reports, received $4,500 of development capital.
Merger/Acquisition
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- Golioth, cloud platform that brings IoT protocols into the cloud-native ecosystem, was acquired by Canonical.
- Scanalytics, smart floor sensors that measures consumer behavior information in physical spaces, was acquired by East West Manufacturing.
Later Stage VC
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- Axzon, wireless sensing technology that offers real-time business insights, raised $1.5 million in venture funding.
- Shower Stream, IoT-enabled smart shower head that reduces water, sewer, and gas waste in hotels, raised $2 million of venture funding from MOVE Venture Capital and other investors.
Early Stage VC
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- Algorized, edge artificial intelligence platform that enhances perception and human-machine interaction in industrial machines and robots, raised $13 million of Series A venture funding in a deal led by Run Ventures.
- LUBU Technologies, wearable motion-tracking devices for athletic performance monitoring and injury prevention, raised venture funding from MP Software Ventures.
Seed
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- OpenSpot, AI-enabled IoT systems and automated urban infrastructure that manages curbside assets and electric vehicle charging operations, raised seed funding from IT Park Ventures.
- Peltier, smart software that reinvents refrigeration, raised $5.61 million through a combination of Seed-1, and Seed-2 funding from Precursor Ventures, and other investors.
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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 Reijmers
Managing 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
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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.
