What is Everactive?
Everactive is at the forefront of developing self-powered Internet of Things (IoT) devices, a critical advancement for a sector often constrained by battery life and maintenance requirements. The company's deep technology focus suggests a commitment to fundamental innovation in energy harvesting and low-power electronics. This strategic positioning allows Everactive to address a wide array of industrial and commercial applications where continuous, autonomous operation is paramount, potentially reducing operational costs and increasing efficiency for its clients.
How much funding has Everactive raised?
Everactive has raised a total of $122.8M across 6 funding rounds:
Series A
$5.3M
Series B
$16.5M
Other Financing Round
$30M
Debt
$1M
Series C
$35M
Unspecified
$35M
Series A (2014): $5.3M with participation from New Enterprise Associates, University of Michigan Investment in New Technologies Fund, OUP (Osage University Partners), and Jaffray Woodriff
Series B (2015): $16.5M led by Michigan Investment in New Technologies Fund, Osage University Partners, and New Enterprise Associates
Other Financing Round (2018): $30M supported by Future Fund
Debt (2020): $1M featuring PPP
Series C (2020): $35M backed by Fluke Corporation
Unspecified (2021): $35M with participation from 40 North Ventures and Fluke Corporation
Key Investors in Everactive
New Enterprise Associates
New Enterprise Associates (NEA) is a prominent venture capital firm with a long history, established in 1977 and headquartered in Menlo Park, California. NEA is known for its focus on supporting entrepreneurs in building and scaling their businesses across various sectors.
40 North Ventures
40 North Ventures is an investment firm that likely focuses on strategic capital deployment, potentially in technology or industrial sectors, given its participation in Everactive's funding rounds.
Osage University Partners
Osage University Partners is a venture capital firm specializing in early-stage B2B software companies, particularly those involved in the future of work and education, seeking to partner with entrepreneurs for significant business growth.
What's next for Everactive?
With a history of major enterprise-level funding and strategic investments, Everactive is poised for significant scaling and further technological development. The consistent backing from notable investors suggests a clear path towards market expansion and the maturation of its self-powered IoT solutions. Future endeavors will likely focus on broadening the application of its technology across various industries, enhancing its product portfolio, and solidifying its market leadership in the autonomous IoT space. The company's ability to secure substantial capital underscores its potential to disrupt traditional IoT paradigms.
See full Everactive company page
