Updated: Minnesota M2M Developer NimbeLink Raises $2.5m From First Analysis

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nimbelink[updated 3/15: The investor was First Analysis]

Minnesota’s NimbeLink has raised $2.5m in equity for operations, according to this new SEC disclosure.

NimbeLink serves the cellular segment of the M2M market with devices and services for IoT applications. Last fall, the company relocated in Plyouth to accomodate for growth, and counted 20+ employees at the time.

They also raised $1m thereafter, bring the total capitalization to an estimated ~$4m with this latest infusion; notably, the disclosure states revenues are sub $5m.

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