Plume Secures $85 million in Financing
Smart Home Services pioneer Plume has closed a new financing round of $85 million. This includes $60 million in Series D preferred equity and $25 million in debt financing, bringing Plume's total equity funding to $127 million. The new investor syndicate, including Charter Communications, Qualcomm Ventures LLC, Belkin, and Service Electric Cablevision, took approximately 75% of the Series D round. Existing investors, including Liberty Global and Shaw Communications also participated. The debt facility was provided by Silicon Valley Bank and WestRiver Group. Andrew Ip, Senior Vice President, Emerging Technology & Innovation of Charter Communications joined Plume's Board of Directors.