Elevated Signals, a Vancouver, BC-based company that provides modern manufacturing software, has secured $7.9 million in Series A funding.
SaaS Investors
The round was led by Yaletown Partners, with participation from Third Kind Venture Capital, WGD Capital, Colin Harris, Raiven Capital, and Pareto Holdings.
Founded in 2002, Yaletown Partners is a venture capital firm based in Vancouver, Canada. The firm seeks to invest in seed, early, late, and growth-stage companies based in Canada. The firm invests in software, data, and device technologies that disrupt and modernize traditional industries, services, real estate, and infrastructure sectors.
Elevated Signals Use of Funds
The company will use the funds to fuel its expansion into high-growth manufacturing businesses, particularly in food, energy, health, and beyond.
About Elevated Signal
Founded in 2016, Elevated Signals provides modern manufacturing software, tailored for the complex operations of fast-growing manufacturing businesses. The company’s platform is lightweight and flexible to set a new standard for manufacturing. Its cloud-based platform simplifies processes and automates the capture of real-time data, aiding operational optimization and AI integration. Elevated Signals now serves a range of Small and Medium-sized Businesses (SMBs) in diverse sectors including controlled environment agriculture, natural health product manufacturing, critical minerals recovery, mining, and more.
Funding Details
Company: Elevated Signals, Inc.
Raised: $7.9M
Round: Series A
Funding Month: February 2024
Lead Investors: Yaletown Partners
Additional Investors: Third Kind Venture Capital, WGD Capital, Colin Harris, Raiven Capital, and Pareto Holdings
Company Website: https://www.elevatedsignals.com/
Software Category: Manufacturing
Source: https://www.businesswire.com/news/home/20240227630164/en/