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Encamp Secures $3.1M in Series A Funding to Fuel Product Development

May 19, 2020•over 5 years ago

Amount Raised

$3 Million

Round Type

series a

Indianapolis

Description

Encamp, an environmental, health, and safety (EHS) software platform, today announced it has raised $3.1 million in Series A funding, led by Allos Ventures and High Alpha Capital, with participation from IU Ventures. Funds will be used to expand the development of the Encamp platform. Along with their investment, David Kerr, managing director at Allos Ventures, and Mike Fitzgerald, partner at High Alpha, will join the Encamp board of directors.

Company Information

Company

Encamp

Location

Indianapolis, Indiana, United States

About

Since Drive's inception in 2013, the firm has raised $2B of funds to invest in startups solving important problems in large markets. The funding will enable Encamp to further develop its product and go-to-market functions to help enterprise companies digitally transform their environmental programs and successfully manage compliance efforts. Nearly 200 businesses, including a growing number of businesses listed in the Fortune 1000 and Fortune 100, now use Encamp in more than 8,000 regulated facilities throughout the United States, which continues to position the company as an emerging EHS market leader.