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.
The Weekly Notable Startup Funding Report: 12/2/19
The notable startup fundings for the week ending 11/30/19 featuring funding details for Loom, Vivun, Frame.io, and much much more.
These are the 15 Startups Raised the Largest Funding Rounds of 2018
A detailed look at the US startups that raised the largest venture capital startup funding rounds in 2018.
25 NYC Startup Acquisitions in 2018 You Need to Know About
According to data from our friends at Crunchbase, there were 409 acquisitions of New York companies in 2018, up from 354 in 2017. Today, I shine a spotlight on 25 of these notable transactions involving NYC startups that were acquired in during 2018. I have included the acquiree, the acquirer, transaction amount (when available), as well […]
The 20 Startups Raised The Largest US Funding Rounds in Q3 2018
A look at the 20 largest US startup funding rounds from Q3 of 2018 including industry, company description, total equity funding raised, and more…
The 20 Largest Global Startup Funding Rounds of August 2018
A look at the largest startup funding rounds from August 2018 on a global scale including funding for Outset Medical, Yi+, Orchard Therapeutics, Paladina Health, Deezer, Moviebook Co., Nikola Motor Company, Rappi, KLOOK, Maimai, DoorDash, and many more…
These are the 14 Largest US Startup Funding Rounds of August 2018
A look at the top US startup fundings for August 2018 featuring TraceLink, Cloudian, Root Insurance, Tempus, Boxed, Outset Medical, and many more…
The Weekly Notable Startup Funding Report: 8/27/18
Notable startup fundings for the week ending 8/25/18 featuring funding details for Latch, Mars Reel, Slack, Getaround, DuckDuckGo, Boxed, and more .
#NYCtech Week in Review: 7/29/18-8/4/18
NYC Tech News for the week of 7/29/18 to 8/4/18 including the NYC startup fundings, NYC startup exits, and NYC Tech events.
The AlleyWatch NYC Startup Daily Funding Report: 7/30/18
The latest venture capital, seed, and angel deals for NYC startups for 7/30/18 featuring funding for Willow, Simon Data, and Flora.