New backers for wireless charging startup in $5.7m deal: Page 2 of 2

June 12, 2020 //By Nick Flaherty
New backers for wireless charging startup in $5.7m deal
WiBotic in the US has raised $5.7m for its industrial wireless charging technology from a new set of investors
its ability to capture significant market share in a burgeoning industry.”

The company raised $2.5m in 2017 in a seed round led by Tsing Capital, and includes investments from Comet Labs and Digi Labs as well as follow-on investments from W Fund, WRF Capital and Wisemont Capital. Seed investors usually continue their backing to ensure their investment is not diluted.

As part of this funding round Mark Rogers, Chief Revenue Officer at Coolfire Solutions, joins WiBotic’s Board of Directors. He was previously SVP of Business Development at Mendix which was acquired by Siemens. He also held senior roles at Microsoft including global head of Microsoft Azure product management when it launched into the market, as well as leading global ISV and Developer Marketing for Microsoft Windows.

“With the addition of Mark to our Board of Directors, WiBotic has gained a proven leader who will contribute significantly to our vision, technology and business growth,” said Waters. “We’re thrilled to have attracted prominent investors, as well as a talented and experienced team of thought leaders and advisors, as we take our products to the next level of maturity.”

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