What is Igor?
Founded in 2013 by Dwight Stewart, Igor addresses the systemic inefficiencies inherent in traditional commercial building management. The company's flagship product, the Nexos IoT Smart Building Platform, serves as a comprehensive software solution designed to transform static physical structures into responsive, data-driven digital ecosystems. By integrating intelligent lighting with advanced building management controls, Igor provides a scalable, cost-effective architecture that enhances operational performance and occupant productivity.
Igor occupies a unique niche in the smart building industry, moving beyond simple energy savings to offer a holistic 'future-proofing' solution. Its ability to deploy across diverse international markets—now exceeding 24 countries—highlights the platform's versatility and the growing global appetite for smart infrastructure. As commercial real estate owners prioritize sustainability and operational efficiency, Igor's software-defined approach provides a competitive edge in the rapidly evolving proptech landscape.
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 Clean Energy Trust and Next Level Ventures
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.
Clean Energy Trust
Clean Energy Trust is a mission-driven investment organization that supports early-stage startups focused on clean energy, sustainability, and environmental innovation.
CMA Ventures
CMA Ventures is a strategic investment entity that provides capital and operational guidance to emerging technology companies, often focusing on scalable software and infrastructure solutions.
What's next for Igor?
Looking ahead, Igor is poised to leverage its recent capital to deepen its penetration in existing markets and explore new verticals within the smart building ecosystem. The strategic focus remains on enhancing the Nexos platform's interoperability and data analytics capabilities, ensuring that commercial buildings can adapt to the shifting requirements of modern work environments. With a proven track record of rapid growth and a clear value proposition, the company is expected to continue its expansion, potentially targeting further integration with broader smart city initiatives and advanced building automation technologies. The firm's ability to maintain its growth momentum will likely depend on its continued success in scaling its deployment model while navigating the complexities of international regulatory environments.
See full Igor company page
