What is 7signal?
Founded in 2007 and headquartered in Independence, Ohio, 7SIGNAL operates a sophisticated cloud-based Wireless Network Monitoring (WNM) platform. This platform is designed to continuously troubleshoot wireless network performance issues, ensuring optimal connectivity for enterprises. The company's focus on proactive network diagnostics and performance optimization positions it as a critical solution for businesses reliant on robust wireless infrastructure. The substantial capital raised suggests a strong market demand for its services and a strategic imperative to scale operations and further develop its technological capabilities.
How much funding has 7signal raised?
7signal has raised a total of $21.1M across 5 funding rounds:
Angel/Seed
$250K
Series B
$4M
Series C
$7M
Debt
$350K
Series D
$9.5M
Angel/Seed (2013): $250K with participation from JumpStart
Series B (2013): $4M led by Mutual Capital Partners, Allos Ventures, and North Coast Angel Fund
Series C (2018): $7M supported by Mutual Capital Partners, JumpStart, and Allos Ventures
Debt (2020): $350K featuring PPP
Series D (2021): $9.5M backed by Technology Venture Partners
Key Investors in 7signal
Mutual Capital Partners
Mutual Capital Partners is a Cleveland-based venture capital fund that focuses on investing in early-stage software and medical device companies in the Midwest. The firm partners with innovative healthcare startups, providing not just financial support but also guidance and resources to help them succeed.
Allos Ventures
Allos Ventures is a venture capital firm dedicated to powering the growth of high-potential tech companies in the Midwest. With over 50 years of experience, they adopt a hands-on approach to investing, focusing on early-stage B2B software and tech-enabled services.
JumpStart
JumpStart Inc. is a venture development organization providing capital, services and connections to help entrepreneurs grow, researchers commercialize and corporations innovate. Their mission is to unlock the full potential of entrepreneurship to transform entire communities.
What's next for 7signal?
With the recent major strategic investment, 7signal is poised for accelerated growth and market expansion. The company is likely to leverage this capital infusion to enhance its WNM platform, potentially incorporating advanced AI and machine learning for predictive analytics. Further development of its sales and marketing efforts to capture a larger share of the enterprise market is also anticipated. The consistent backing from investors like Mutual Capital Partners and Allos Ventures signals a strong belief in 7signal's long-term vision and its ability to address evolving wireless network challenges in an increasingly connected world.
See full 7signal company page
