What is Igor?
Igor is the developer of the Nexos IoT Smart Building Platform, a sophisticated software solution designed to future-proof commercial real estate. Founded by Dwight Stewart in 2013, the company addresses the inherent complexities and proprietary limitations of traditional building management systems. The Nexos platform integrates intelligent lighting with scalable software to enhance building performance, energy efficiency, and operational productivity.
By shifting the paradigm from static physical shells to flexible digital ecosystems, Igor enables facility managers and enterprise owners to achieve superior performance metrics. With a presence in over 24 international markets, Igor is effectively capturing market share by providing a cost-effective, easy-to-deploy alternative to legacy building automation, positioning itself as a critical player in the global smart building industry.
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
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.
Clean Energy Trust
Clean Energy Trust is a venture capital organization focused on supporting early-stage companies that are developing innovative solutions for the clean energy and sustainability sectors.
CMA Ventures
CMA Ventures is an investment firm that provides strategic capital and operational support to high-growth companies, often focusing on technology-driven sectors.
What's next for Igor?
With the recent infusion of capital, Igor is well-positioned to scale its operations and deepen its penetration into global commercial real estate markets. The strategic focus remains on enhancing the Nexos platform's capabilities, ensuring that the software continues to provide advanced analytics and seamless integration for large-scale building projects. As the demand for sustainable and intelligent infrastructure grows, Igor's commitment to future-proofing buildings will likely drive further adoption and long-term value creation.
The company's roadmap involves expanding its footprint in existing international territories while continuing to innovate its core IoT offerings. By maintaining a focus on operational efficiency and technological agility, Igor is poised to navigate the evolving landscape of smart building management, ultimately setting new standards for productivity and energy management in the built environment.
