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Electric Nabs $20M Series D-1 Round

2022-03-29
NEW YORK, NY, Electric today announced it has raised $20 million in Series D-1 funding.
Electric, the leader in providing world-class IT technology for small and medium-sized businesses (SMBs), today announced it has raised $20 million in Series D-1 funding from Harmonic Growth Partners, five months after its $90 million Series D with GGV Capital, Bessemer Venture Partners, Greenspring Associates and others. This new funding brings the company's valuation to $1 billion and the company's total amount raised to over $200 million.

Electric is the industry leader in providing world-class IT technology and real-time support for small and mid-sized businesses. With close to 1,000 customers and more than 45,000 employee end-users, Electric's IT platform includes: real-time support powered by 100+ IT technicians, security, device & inventory management, network & server management, application & cloud management, employee on-boarding and off-boarding, procurement & provisioning, and data monitoring & insights.
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