Accelerate Fund II invests in IIoT solutions provider mcThings
Cochrane, Alberta-based industrial internet-of-things (IIoT) solutions provider mcThings has raised undisclosed financing from Accelerate Fund II. Founded in 2014 and led by President and CEO Tom Groenland, mcThings helps businesses to affordably create and deploy IIoT solutions by combining low-cost, battery-powered devices, field-programmable sensors, network gateways, and a cloud management and security platform. It will use the funds raised to continue growing and enhance sales capacity. Accelerate Fund II, an early-stage angel co-investment fund, is managed by Canadian private equity firm Yaletown Partners.
9 July 2018•4 mins read
