Electric raises $40M Series C to put small-business IT in the cloud
It would be an understatement to state that enterprise-focused startups have fared well throughout the pandemic. As organizations look to go remote, and the way we work has been turned on its head, quickly-growing tech business that simplify this transition are in high demand. One such start-up has, in fact, raised $61.5 million in the […] , a business looking to put IT departments in the cloud, simply revealed the close of a $40 million Series C round. Electric launched in 2016 with a mission to make IT much simpler for medium-sized and small companies. Electric charges a flat rate per seat per month, and Denehy states the business more than doubled its customer base in the last year. Denehy says that a little less than half of Electric’s customer base are tech startups, which makes sense considering the company introduced in New York in a tech and media-centric ecosystem. The Electric team is currently made up of simply under 250 full-time staff members, with 32.5 percent ladies and around 30 percent of workers being non-white….
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