Top 10 Internet Of Things Capital Raises in the U.S. – June 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.
Later Stage VC
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- Giatec, testing devices designed to monitor, detect, and evaluate concrete quality and strength, raised venture funding from Sika Group.
- GlacierGrid, monitoring technology designed to offer temperature tracking and analytics to refine energy use for energy savings, operational efficiency, and sustainability, raised venture funding from Fulcrum Global Capital.
- Meter, internet infrastructure platform designed to deliver reliable connectivity and network management for commercial spaces, raised $170 million of Series C venture funding in a deal led by General Catalyst.
- Voxel Labs, site intelligence platform intended to enhance safety and operational efficiency for workplaces, raised $44 million of Series B venture funding in a deal led by NewRoad Capital Partners.
- Wyebot, wireless intelligence platform designed to optimize and automate wireless ecosystems, raised $2.88 million of venture funding in the form of convertible debt.
Early Stage VC
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- Optifye.ai, artificial intelligence-based optimizing platform designed to improve manufacturing efficiency, raised venture funding from NVO Capital.
- Stellar (Indianapolis), technology-enabled business intelligence platform designed to drive operational growth, raised venture funding from BCforward.
Seed
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- MesoMat, tire management platform that combines proprietary sensors with cloud-based software and artificial intelligence, raised $1.5 million of seed funding in a deal led by Ridgeline.
- NavaFlex, battery technology designed to enable power integration into wearable electronics, smart textiles, and connected devices, raised seed funding in the form of convertible debt in a deal led by Abyro Capital.
- Volley Boast, industrial-grade wireless data transmitters designed for connecting sensors to the Industrial Internet of Things, raised $958,848 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.
