Electric Raises $20M In D-1 Funding
Summary
Electric, a NYC-based provider of IT technology for small and medium-sized businesses (SMBs), raised $20 in Series D-1 funding. The company intends to use the funds to accelerate product innovation toward data-driven business insights and self service tools where customers can easily manage and purchase applications and devices within the platform, for additional strategic acquisitions, and expand into new markets and verticals. Led by CEO and Founder Ryan Denehy Electric provides IT technology and real-time support for small and mid-sized businesses. The company completed acquisitions of Techvera and Sinu last year and expects to identify more strategic opportunities in 2022. Since its founding in 2016, Electric has grown to become one of the largest IT providers in the country serving close to 1,000 customers and 45,000 end users across clients
Funding
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