Press "Enter" to skip to content

Ekos Raises $8 Million in Series A Funding Round

Ekos, a startup in North Carolinadedicated todeveloping business-organizing software for craft breweries and other beverage industries, announced that it raised $8 Million in Series A funding round last week. An Atlanta-based venture firm, Noro-Moseley Partners, led the funding round.

Before this funding, the startup was busy for the past five years in establishing a business in 40 different countries, which is serving 1,700 customers. The firm has developed a set of tools to monitor everything ranging frominventory to final products.

After launching such rare business in 2014, the founders then thought of developing software for the exclusive market. Through a survey, the founders found that brewers were using manual tracking methods and ERP software-based approaches such as NetSuite, SAP,or Microsoft Dynamics.

McKinney, along with his co-founder, built a suite of tools for the brewery market. Now, the brewery processes are managed through a smartphone application that includes tracking and setting up the flowrate of entire operation.

On a related note, the LA-based company thatfocused on selling software to manage EV charging, EV Connect, has raised $12 Million in a Series B funding round directed by investors Ecosystem Integrity Fund and Mitsui & Co.

So far, the company has grabbed $25 Million in funding.

EV Connect functioning is established on a cloud-based platform with an open standard architecture, providing a range of hardware vendors an approach to observe, administer, and maintain charging stations.

The ultimate goal is to drive the market away from a fragmented and closed system to a more open one, stated by EV Connect Founder and CEO Jordan Ramer.

EV Connect follows a bilateral approach. EV Connect manages 1,000 electric vehicle-charging sites offered by the company. Using the EV Connect’s smartphone app,drivers can have real-time access to the status of charging stations.

Richard Bucher
Author Details
SR. CONTENT WRITER At Daily News Gazette 24

Richard Bucher is the perfect person that guides all the team members as the Head of the Business Department. He is connected with the Daily News Gazette 24 platform from the last 5 years and serving as the HOD from the last 3 years. While Richard is known for his mastery in crafting the content that is engaging, he is also known for his helpful nature. He pursued an MBA in Finance Degree and is responsible for precisely carrying out all the activities in the department. Moreover, due to his commending communication skills, he efficiently liaises with other members of his team to offer the top-notch quality of service to our readers.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *