Tech Company Financing Transactions
Arduino Funding Round
Anzu Partners and CDP Venture Capital joined a $22 million Series B venture round for Arduino. The round closed on 9/6/2023.
Transaction Overview
Company Name
Announced On
9/6/2023
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series B
Investors
Anzu Partners (Lead Investor)
CDP Venture Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to grow even more in the U.S., where it recently opened an office in Austin (Texas) and established a presence in Chicago (Illinois), while maintaining its European roots, with more than 130 people in Torino, Italy -- half of which working on advanced R&D -- and more than 30 people in Malmo, Sweden. Funds will be also invested to further strengthen the R&D team based in Torino, with the goal to grow enterprise application libraries and the Arduino Cloud for Business with more integrations and Embedded AI features, and to accelerate its go-to-market initiatives and customer support in selected high-potential geographies.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
Undisclosed
Lugano, Undisclosed
Switzerland
Lugano, Undisclosed
Switzerland
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Arduino designs, manufactures, and supports electronic devices and software, allowing people around the world to easily access advanced technologies that interact with the physical world. Our products are straightforward, simple, and powerful, ready to satisfy users' needs from students to makers and all the way to professional developers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Fabio Violante
Chief Information Officer
Stefano Visconti
Chief Marketing Officer
Massimo Banzi
Chief Operating Officer
Pietro Dore
Co-Founder
David Cuartielles
Co-Founder
Tom Igoe
Co-Founder
David Mellis
VP - Bus. Development
Alessandro Ranellucci
VP - Finance
Giuseppe Ferrara
VP - Sales
Giovanni Fagherazzi
Browse more venture capital transactions:
Prev: 9/6/2023: Treon venture capital transaction
Next: 9/6/2023: Bandana venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs