UK-based wireless charging technology developer Chargifi secured £5m ($7.1m) today in a series B round that included enterprise computing technology provider Hewlett Packard Enterprise (HPE).
Accelerated Digital Ventures led the round, which also featured fellow venture capital fund Firstminute Capital. The company had previously raised a total of $3.4m in funding as of July 2017, according to the Evening Standard.
Founded in 2013, Chargifi develops wireless charging terminals that rely on magnetic resonance technology to charge electronic devices such as smartphones, vehicles and drones without requiring a power cord.
The company also offers a software-as-a-service product that helps administer the terminals, run analytics and identify potential marketing opportunities. HPE and Chargifi have a formed a strategic partnership to bring the technology to HPE’s connectivity services.
Intel Capital, a subsidiary of semiconductor producer Intel, led Chargifi’s $2.7m series A round in 2015. Chargifi was part of the October 2014 intake of the Techstars accelerator backed by marketing agency R/GA, and angel investor Brett Akker is also a backer.