Whether the future of work is in-office at a traditional office structure, hybrid, or fully remote is yet to be seen but one thing is for sure is that organizations will need IT support to meet the needs of a dynamic and evolving workforce. Companies that had the proper IT support infrastructure in place were able to respond quickly to address the pandemic without significant interruption to workflows. Electric, a pioneer in the tech-enabled managed service provider (MSP) space, supports the needs of the small and medium-sized businesses that need a dedicated IT team without incurring the cost and administrative burden of bringing these functions in-house. The company’s 100+ IT technicians are able to fully remotely manage things like a client’s networks, devices, security, applications, onboarding/offboarding, and data monitoring. Employees are able to reach an IT expert within 10 minutes to handle their inquiries using popular chat communication platforms like Slack or Teams. Electric now provides support for over 700 businesses that comprise 40,000+ employees. The company has more than doubled its ARR in the last year, acquired two businesses, and expanded the team to ~450 employees. AlleyWatch caught up with Electric CEO and Founder Ryan Denehy to learn more about the company’s growth, traction, strategic plans, latest funding round from investors that include GGV Capital, Bessemer Venture Partners, Primary Venture Partners, Greenspring Associates, 01 Advisors, Atreides Management, Vintage Investment Partners, and Slack.
4 new rounds totaling $150M+. Two exclusives. All rounds raised by solo founders; it can be done! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/19/2021 featuring funding details for Electric, Clyde, and much more.
With so much going on in the city’s thriving ecosystem, it is easy to miss some of the happenings in the space. We keep you abreast of the things that you may have missed in NYC Tech News for the week ending 2/27 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Fi, Heyday, Electric, and much, much more.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 2/23/2021 featuring funding details for Electric, Heyday, and much more.
NYC Tech News for the week ending 5/23 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Electric, BetterCloud, Chief, and much more…
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 5/18/2020 featuring funding details for Electric and much more.
NYC Tech News for the week ending 3/14 including the NYC startup fundings, NYC startup exits, and NYC Tech events including news for Vault Health, Remesh, Pager, and much more…
The notable startup fundings for the week ending 3/14/20 featuring funding details for Finix, Lyra Health, Owler, and Cloudbeds.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/10/2020 featuring funding details for Coursedog, RubiconMD, and much more.