SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

On-Ramp Wireless secures additional $15 million in Series C funding round
[July 18, 2013]

On-Ramp Wireless secures additional $15 million in Series C funding round

Jul 18, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- On-Ramp Wireless, Inc. , a US-based developer of wireless solutions for energy automation and machine-to-machine (M2M) communications, has secured an additional $15 million in Series C funding round from Enbridge, Inc., and existing investors Third Wave Ventures and Energy Technology Ventures.

Enbridge is a Canada-based company engaged in the energy transportation and distribution.

This brings the total raised in the Series C round to $31 million.


Deal Value (US$ Million) 15 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2013-07-17 Deal Participants Target (Company) On Ramp Wireless, Inc.

Acquirer (Company) Enbridge, Inc.

Deal Rationale On-Ramp Wireless will use the funds to continue to expand its ecosystem of application partners in its energy markets and extend into new adjacent verticals through its strategic partner program.

The funds will be used to further commercialize On-Ramp Wireless' smart grid and digital oil field solutions.

[ Back To TMCnet.com's Homepage ]





LATEST VIDEOS

DOWNLOAD CENTER

UPCOMING WEBINARS

MOST POPULAR STORIES





Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.