Electric recharges series B round

Mar 12, 2020 • Callum Cyrus

VC fund 01 Advisors chipped in $14.5m to extend the corporate-backed IT management software provider's latest round to $39.5m.

Electric, a US-based enterprise IT management software platform backed by corporates Gunderson Dettmer and Anchor Worldwide, has increased its series B round to $39.5m, TechCrunch reported on Tuesday.

Venture capital firm 01 Advisors invested $14.5m in the company, adding to a $25m first close in January 2019 led by GGV Capital and backed by fellow VC firm Bessemer Venture Partners (BVP).

Founded in 2016, Electric has built a software platform with a graphical interface intended to help enterprises supervise and…

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