ThoughtWire secures $20 mln in debt, Series A funding
Toronto industrial internet-of-things platform ThoughtWire Corp has raised $20 million in a debt and Series A financing. Yaletown Partners led the round and was joined by BDC Capital, Round13 Capital, Epic Capital and Comerica. Founded in 2009, ThoughtWire's Ambiant platform helps make buildings, cities, hospitals and workplaces smarter, safer and more energy efficient by interconnecting and orchestrating people, workflows, data and things. Led by CEO Michael Monteith, the company will use the funds raised for geographic growth and team expansion. ThoughtWire is the first Ontario investment of the recently launched Yaletown Innovation Growth Fund.
5 March 2018•4 mins read
