What is Senet?
Headquartered in Portsmouth, New Hampshire, and established in 2014, Senet operates at the forefront of IoT connectivity. The company's platform is designed to facilitate seamless global connectivity and enable efficient, on-demand network infrastructure development for a wide array of IoT applications. By providing robust software and services, Senet empowers businesses to deploy and manage their IoT networks effectively, addressing the increasing demand for scalable and reliable connectivity solutions in an interconnected world. Their focus on enabling network build-outs positions them as a key player in the infrastructure layer of the IoT ecosystem.
How much funding has Senet raised?
Senet has raised a total of $70.8M across 9 funding rounds:
Private Equity
$4.3M
Debt
$3.7M
Private Equity
$5.3M
Debt
$976K
Private Equity
$2.2M
Private Equity
$8.6M
Series A
$18M
Private Equity
$11.8M
Series B
$16M
Private Equity (2009): $4.3M, investors not publicly disclosed
Debt (2012): $3.7M, investors not publicly disclosed
Private Equity (2013): $5.3M, investors not publicly disclosed
Debt (2014): $976K, investors not publicly disclosed
Private Equity (2014): $2.2M, investors not publicly disclosed
Private Equity (2015): $8.6M, investors not publicly disclosed
Series A (2015): $18M led by Activate Venture Partners, City Light Capital, and Harbor Light Capital Partners, LLC
Private Equity (2017): $11.8M, investors not publicly disclosed
Series B (2020): $16M featuring Fisk Ventures
Key Investors in Senet
Activate Venture Partners
Activate Venture Partners is a leader in early-stage venture capital, focusing on digital health and applied technology investments. They support visionary founders with domain knowledge and a commitment to building impactful companies, particularly in markets poised for significant value creation. With a portfolio of over 100 investments and a track record of successful exits, they provide capital-efficient financing to seed and early-stage companies. Their approach emphasizes deep industry connections, strategic advice, and a founder-focused partnership model.
City Light Capital
City Light Capital is a venture capital firm that invests in early stage companies which provide not only strong financial returns, but also positive contributions to the company's world. This approach, sometimes called "double bottom line" investing, holds that for some investors, maximizing shareholder value should be about more than pure financial return. It should also be about benefits to human society and to the company's natural environment. They do not believe that investors have to make a tradeoff between maximizing shareholder value and "doing good. They accomplish this by investing in Safety and Security, Education and Media and Energy and Environment.
Harbor Light Capital Partners, LLC
Harbor Light Capital Partners is a regional venture capital firm that focuses on investing in New England and the Intermountain West. The firm is dedicated to building long-term value for its customers, shareholders, and investors. Their investment decisions are guided by the goal of fostering growth and success for the businesses they support. Harbor Light Capital Partners aims to create a positive impact through strategic capital collaboration.
What's next for Senet?
With the recent major strategic investment and a substantial total funding amount of $70.8M, Senet is poised for significant advancements. The company's trajectory suggests a focus on scaling its operations, expanding its geographical reach, and potentially developing new technological capabilities to support the evolving demands of the IoT market. This funding will likely fuel further innovation in their cloud-based platforms and network services, enabling Senet to solidify its leadership in providing essential connectivity infrastructure for the Internet of Things. Future developments may include strategic partnerships and enhanced service offerings to cater to enterprise-level clients seeking comprehensive IoT solutions.
See full Senet company page
