Total amount raised
$2.5 Millions
Latest funding date
08/01/2020
Location
nimble has successfully raised funding through a Series Unknown round, with investors including Cambridge Companies and Silicon Valley Bank. The company focuses on creating ethical technology products made from sustainable materials.
Keep reading to explore the intricacies of nimble's fundraising journey and the investors backing this innovative platform.
What Is nimble?
Nimble, founded in 2018, is a consumer tech brand based in Costa Mesa, California. The company is dedicated to creating high-quality, eco-friendly tech products.
Founded by Ross Howe, Nimble focuses on sustainability by using sustainable materials, carbon-neutral shipping, plastic-free packaging, and e-waste recycling programs.
With a team of 11-50 employees, Nimble produces and sells various types of chargers and cables, including portable chargers, wireless chargers, wall chargers & adapters, and USB-C cables.
How Much Funding Has nimble Raised?
- venture-round
- Amount Raised: Not publicly disclosed
- Date: August 1, 2020
- Lead Investors: Cambridge Companies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The motivation behind this round is not explicitly mentioned.
- debt-financing
- Amount Raised: $1M
- Date: November 15, 2018
- Lead Investors: Silicon Valley Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were intended for product development, production, distribution, and marketing.
- venture-round
- Amount Raised: $1.5M
- Date: March 20, 2018
- Lead Investors: Okapi Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were intended for product development, production, distribution, and marketing.
Total Amount Raised: $2.5M
Current Valuation: Not publicly disclosed
Key Investors
- Cambridge Companies
- Details: Cambridge Companies is a private equity firm that invests in various sectors, including technology and healthcare. They focus on providing growth capital to companies with strong potential.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Silicon Valley Bank
- Details: Silicon Valley Bank is a high-tech commercial bank that provides a range of financial services to technology and life sciences companies. They are known for their extensive network and expertise in the tech industry.
- Investment Focus Areas: Technology, life sciences, venture capital
- Notable Investments: Not publicly disclosed
- Okapi Venture Capital
- Details: Okapi Venture Capital is an early-stage venture capital firm that invests in technology startups. They provide both capital and strategic support to help companies grow.
- Investment Focus Areas: Technology, software, digital media
- Notable Investments: Not publicly disclosed
- PivotNorth Capital
- Details: PivotNorth Capital is an early-stage venture capital firm that focuses on technology and innovative startups. They aim to support companies with disruptive potential.
- Investment Focus Areas: Technology, software, innovative startups
- Notable Investments: Not publicly disclosed
What's Next for nimble?
Nimble stands at the cusp of significant growth opportunities, driven by its commitment to sustainability and innovative product development. With $2.5 million in equity funding and an additional $1 million in debt financing, the company is well-positioned to enhance its product line, expand production, and strengthen its distribution and marketing efforts. The increasing consumer demand for eco-friendly electronics presents a substantial market opportunity for Nimble.
Future fundraising rounds seem likely, given the involvement of prominent investors like Okapi Capital and PivotNorth Capital. These investors bring not only capital but also strategic guidance, which could pave the way for further investments or even strategic partnerships. However, Nimble will need to navigate challenges such as scaling production sustainably, competing with established tech brands, and ensuring a steady supply of sustainable materials.
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