ChargeItSpot tacks on $2 million more to Series A - Technical.ly Philly

Growth

Dec. 23, 2015 10:26 am

ChargeItSpot tacks on $2 million more to Series A

That brings the charging station company's total Series A to $5.3 million.
ChargeItSpot in action.

ChargeItSpot in action.

(Courtesy photo)

Since we last reported on ChargeItSpot’s fundraising efforts last year, the charging station company has raised an additional $2 million, bringing its total Series A to $5.26 million.

Investors include local angel group Robin Hood Ventures, where investor Anthony Cambeiro is the point person for the deal, equity crowdfunding platform SeedInvest and Morristown, N.J.-based SoundBoard Angel Fund. ChargeItSpot CEO Doug Baldasare declined to share the names of other investors but said that one is the former COO of a large national retailer.

ChargeItSpot employs 30, 12 of which are full-time employees. The company plans to double both its full-time and part-time employee count in the next year, Baldasare said. Part-time staffers do work ranging from customer support, technical maintenance, graphic design and specialized R&D work. The team works in Old City’s Bourse building, where it moved earlier this year.

Companies: ChargeItSpot
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