Top 10 Internet Of Things Capital Raises and Investors in the U.S. – July 1st-15th, 2025
Several interesting transactions closed in the Internet Of Things sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PIPE
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- Actelis Networks, a networking solutions company with a mission to enable communication for Internet of Things, or IoT, projects, deployed over wide areas such as cities, campuses, airports, military bases, roads, and rail, received $1 million of development capital through a private placement.
Merger/Acquisition
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- Cox 2M, an Internet of Things asset monitoring software for business operations, was acquired by Cognosos.
- Gatewise, a mobile-based control system for apartment management, was acquired by Allegion.
- Kraftful, an artificial intelligence-based co-pilot platform that offers digital interfaces to make easy-to-use smart home devices, was acquired by Amplitude.
- Lexmark International, a cloud-enabled imaging and Internet of Things printers that helps customers worldwide quickly realize business outcomes, was acquired by Xerox for $1.5 billion.
Later Stage VC
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- Antrum, a ventilation system for indoor air quality monitoring, raised $3.71 million in venture funding.
- Asset Insights, a radio frequency identification system that helps businesses manage RFID-tagged assets and products effectively, raised venture funding from Virginia Venture Partners.
- Blues Wireless, a system-on-module device that enables individuals and businesses to get access to the cellular Internet of Things, raised $33 million through a combination of Series 1a and Series 1b venture funding in a deal led by Sequoia Capital and XYZ Venture Capital.
- Xemelgo, an IoT-powered smart manufacturing platform for real-time data-driven decision-making within and across factories, raised $1.5 million of venture funding from Zebra Ventures and other investors.
Seed
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- Emergent Connext, an integrated IoT network and data platform for the agriculture value chain, rural communities, and adjacent industries, raised $5 million 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
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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.
