{"id":1458,"date":"2021-02-08T06:00:20","date_gmt":"2021-02-08T11:00:20","guid":{"rendered":"https:\/\/innovativepixel.com\/IGIN\/?post_type=news&#038;p=1458"},"modified":"2021-12-22T11:12:56","modified_gmt":"2021-12-22T16:12:56","slug":"spiio-closes-1-6m-funding-round","status":"publish","type":"news","link":"https:\/\/innovativepixel.com\/IGIN\/news\/spiio-closes-1-6m-funding-round\/","title":{"rendered":"Spiio closes $1.6M funding round"},"content":{"rendered":"<p><a href=\"https:\/\/spiio.com\/\" target=\"_blank\" rel=\"noopener\">Spiio<\/a>, Palo Alto, California, an in-ground data as a service provider, raised a $1.6 million fundraising round from internal investors: byFounders, inQvation, Danish Growth Fund and a range of angel investors. The funds will be used to strengthen the development team, move forward with products on the Spiio platform and scale the sales and marketing efforts primarily in North America.<\/p>\n<p>Spiio\u2019s product is a data service based on a wireless sensor that tracks soil moisture, temperature and salinity data from the ground and uploads that data to be viewed on its web or mobile app.<\/p>\n<p>The new investment round will enable Spiio to get its services to more customers in the landscaping industry in North America and speeds up the innovation of the current product suite.<\/p>\n<p>\u201cIn these rough times, I\u2019m happy to announce this new stepping stone for Spiio,\u201d says Martin Dal, Spiio founder and CEO. \u201cThe team has worked incredibly hard and, against all odds, we have grown significantly throughout the year. With support from investors, we\u2019re extremely excited to have the power to what we fight for every day: Putting new valuable data services in front of many more users.\u201d<\/p>\n<p>The team is growing to cope with current and future demand.<\/p>\n<p>\u201cThere\u2019s no doubt that many companies have been struggling through COVID-19, and the Spiio team has worked hard to find new ways of achieving growth,\u201d says Claus Zibrandtsen, inQvation and lead investor. \u201cWe feel privileged to have a strong collective of shareholders, and together with the Danish Growth Fund, we\u2019ve been able to help Spiio into the next level.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The funds will speed up the company\u2019s growth in North America.<\/p>\n","protected":false},"author":36,"featured_media":1459,"parent":0,"menu_order":0,"template":"","main-categories":[25,27],"class_list":["post-1458","news","type-news","status-publish","has-post-thumbnail","hentry","main-categories-business","main-categories-irrigation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v17.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spiio closes $1.6M funding round - Irrigation &amp; 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