Tech Company Financing Transactions
Xyte Funding Round
Xyte closed a $10 million funding round on 10/26/2022. Investors included Kreos Capital.
Transaction Overview
Company Name
Announced On
10/26/2022
Transaction Type
Debt
Amount
$10,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to meet customers demand for flexible equipment financing solutions.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
5 Agur St. Kochav Yair
Tel Aviv, Undisclosed
Israel
Tel Aviv, Undisclosed
Israel
Phone
Undisclosed
Website
Email Address
Overview
As software and hardware developers, we were frustrated by the complexity of connecting and managing devices in the cloud. So, we decided to develop a suite of services that would allow all hardware manufacturers to enhance their devices with the most comprehensive and advanced cloud-based services, promoting customer engagement and permitting a new business model by facilitating the shift from one-time sales to subscriptions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Omer Brookstein
Browse more venture capital transactions:
Prev: 10/26/2022: COTA venture capital transaction
Next: 10/26/2022: Heura Foods venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We do our best to record every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs