Tech Company Financing Transactions
Echelon Funding Round
Amber Group, Laser Digital Ventures and Re7 Capital participated in a $3.5 million Seed funding round for Echelon. The round was announced on 8/27/2024.
Transaction Overview
Company Name
Announced On
8/27/2024
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand offerings by developing treasury and RWA-backed strategies, implement vaults for cross-chain deposits, and hire full-stack and smart contract engineers while expanding its marketing team.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
2901 Patrick Henry Drive
Santa Clara, CA 95054
USA
Santa Clara, CA 95054
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
We are very pleased to announce the completion of our acquisition by Adesto Technologies. We will continue our legacy of open standard networking platform for Industrial IoT as the Embedded Systems Division within Adesto. For almost three decades Echelon has pioneered the development of open-standard networking platforms for connecting, monitoring and controlling devices in commercial and industrial applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Armas Markkula
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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