Senet completes $18 million Series A round of preferred fundraising

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Senet, a leader in the rapidly emerging Internet of Things (IoT) / Machine-to-Machine (M2M) market, completes its $18 million A round fundraising with a fully subscribed A-2 offering of $5 million.

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We are thrilled to have Fisk Ventures lead the latest fundraising round as a new investor. With their significant expertise and experience, Fisk Ventures will be a great addition to our Board of Directors.

Senet announced today that it has completed its $18 million Series A round. Fisk Ventures joins earlier investors Milestone Venture Partners, City Light Capital and Harbor Light Capital Partners as a major participant in Senet’s most recent fundraising offer.

Senet will use the funds to continue the ongoing build-out of hardware and software necessary to support the Senet Network as a Service (NaaS), Low Power Wide Area Network (LPWAN) offering.

As the only established Low Power Wide Area Network provider, Senet’s NaaS offering is a crucial resource for the universe of Internet of Things (IoT) solution providers requiring access to an established and proven Sensible Network.

Senet welcomes Fisk Ventures as a new investor as it completes its Series A fundraising round.

Richard Dumler, Partner at Milestone Venture Partners and current Senet Board member said, “We are thrilled to have Fisk Ventures lead the latest fundraising round as a new investor. They obviously see the value of our approach and our vision for our continued growth in the exploding IoT M2M market. With their significant expertise and experience Fisk Ventures will be a great addition to our Board of Directors.”

About Senet:
Senet, Inc. is a leader in the rapidly-emerging Internet of Things (IoT) / Machine-to-Machine (M2M) marketplace and the first public Network as a Service (NaaS) provider in the US for a low cost / long range ISM network. Through its established countrywide network, Senet enables monitoring services that help America’s most efficient and environmentally-conscious businesses improve profits by managing and measuring the status of widely distributed assets -- businesses such as residential fuel oil and propane tank automation, water and gas metering, commercial lubrications distribution, solar irradiance, and many more.

©2015 Senet, All rights reserved. Information is subject to change without notice. Senet assumes no liability for errors that may appear in this document. For additional information, visit http://www.senetco.com or contact Senet at +1.603.821.0003.

Senet is headquartered in Hudson, NH (USA).

Media Contact:
Senet
46 River Rd.
Hudson, NH 03051
Phone +1.603.821.0003 info(at)senetco(dot)com

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Paula Allen
Senet
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