Electric raises $40M Series C to put small-business IT in the cloud

Electric raises $40M Series C to put small-business IT in the cloud

a week ago
Anonymous $rH7oE7DjRg

https://techcrunch.com/2021/02/23/electric-raises-40m-series-c-to-put-small-business-it-in-the-cloud/

It would be an understatement to say that enterprise-focused startups have fared well during the pandemic. As organizations look to go remote, and the way we work has been flipped on its head, quickly-growing tech companies that simplify this transition are in high demand.

One such startup has, in fact, raised $61.5 million in the last 12 months alone. Electric, a company looking to put IT departments in the cloud, just announced the close of a $40 million Series C round. This comes after an extension of its Series B in March of 2020, when it raised $14.5 million, and then an additional $7 million from 01 Advisors in May of 2020.