Nimble (Nimble for Good, PBC), a Costa Mesa, CA-based consumer tech brand committed to creating sustainably made electronics, raised $1.5m in equity funding.
The round was led by Okapi Capital, with participation from early stage investor PivotNorth Capital.
The company, which also secured an additional $1m in financing through a subsequent debt round from Silicon Valley Bank, intends to use the funds for product development, production, distribution and marketing. In conjunction with the funding, Jeff Bocan, partner at Okapi, and Tim Connors, general partner at Pivot North, joined Nimble’s board of directors.
Founded in 2018 by Ross Howe, CEO, Nimble designs and produces personal technology products using sustainable materials such as plant-based bioplastics, organic hemp and recycled plastic bottles. All its packaging is made from 100% recycled paper, and includes a pre-paid return envelope so customers can send old or unused electronics to its recycling partner for safe, responsible reclamation at no added cost.
FinSMEs
15/11/2018