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 offers a scalable, deployable, and cost-effective software solution integrated with intelligent lighting. Igor's platform enables commercial buildings to evolve into flexible, digital spaces, enhancing performance for occupants and businesses. This innovation moves beyond mere energy savings, making buildings more productive, efficient, and easier to upgrade, driving Igor's rapid triple-figure growth across 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 Next Level Ventures and CMA Ventures
Private Equity (2017): $1.1M backed by Next Level Ventures
Debt (2020): $150K with participation from PPP
Key Investors in Igor
Next Level Ventures
Next Level Ventures is a prominent investment firm based in Iowa, managing over $400 million in assets across a diverse portfolio of more than 45 companies. The firm specializes in providing strategic investments ranging from seed funding to growth-stage funding, with typical investments between $0.5 to $5.0 million. They focus on building partnerships, particularly in the fintech sector, and actively support their portfolio companies with financial, operational, and networking assistance. Next Level Ventures aims to deliver profitable outcomes for entrepreneurs while making meaningful contributions to the innovation ecosystem.
Clean Energy Trust
Clean Energy Trust is an organization focused on accelerating the development and deployment of clean energy technologies. They typically invest in early-stage companies that demonstrate innovative solutions for environmental sustainability and energy efficiency.
CMA Ventures
CMA Ventures is an investment firm that likely focuses on strategic growth opportunities, potentially within technology or innovation sectors, aiming to support companies with significant market potential.
What's next for Igor?
With its latest strategic investment, Igor is poised to accelerate its expansion and further innovate its smart building solutions. The company's focus on future-proofing buildings through its Nexos platform positions it for continued leadership in the rapidly evolving smart building technology sector. Expect further advancements in IoT integration and data analytics to enhance building performance and user experience, solidifying Igor's market presence.
See full Igor company page
