What is Igor?
Founded in 2013 by Dwight Stewart, Igor addresses the complexity and cost associated with traditional building management systems. The company's Nexos IoT Smart Building Platform is engineered to 'future proof' commercial buildings by transforming them into scalable, cost-effective, and easily deployable smart environments. Igor's integrated intelligent lighting solution enhances building performance, moving beyond mere energy savings to improve productivity and operational efficiency. This innovative approach has positioned Igor for rapid growth, with a notable presence in both the United States and over 24 international markets.
How much funding has Igor raised?
Igor has raised a total of $11.3M across 6 funding rounds:
Private Equity
$2.5M
Series A
$2.7M
Private Equity
$2.9M
Private Equity
$2M
Private Equity
$1.1M
Debt
$150K
Private Equity (2014): $2.5M, investors not publicly disclosed
Series A (2014): $2.7M led by Next Level Ventures and Clean Energy Trust
Private Equity (2016): $2.9M, investors not publicly disclosed
Private Equity (2016): $2M featuring CMA Ventures and Next Level Ventures
Private Equity (2017): $1.1M backed by Next Level Ventures
Debt (2020): $150K with participation from PPP
Key Investors in Igor
PPP
Public-Private Partnership
CMA Ventures
CMA Ventures, with a domain suggesting a focus on venture capital or investment, participated in a private equity round for Igor. Their specific investment thesis is not detailed.
Next Level Ventures
Next Level Ventures is a prominent investment firm specializing in strategic investments from seed to growth stages, focusing on building partnerships and supporting portfolio companies with financial and operational assistance.
What's next for Igor?
With a recent major strategic investment and a history of consistent capital raises, Igor is poised for accelerated expansion. The company's focus on transforming static commercial buildings into dynamic digital environments aligns with the growing demand for smart, efficient, and productive workspaces. Future growth will likely involve further penetration into international markets and continued development of its Nexos platform to meet evolving smart building standards and client needs. The company's enterprise-level funding context indicates a strong market validation and a strategic push towards broader adoption.
See full Igor company page
