Service Provider Capital

Service Provider Capital is a venture capital firm established in 2014 and located in Golden, Colorado. The firm focuses on co-investing in seed and series A rounds, primarily in collaboration with institutional venture funds. It targets a diverse range of sectors, including artificial intelligence, machine learning, blockchain, cannabis, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, and health. By concentrating on these industries, Service Provider Capital aims to support innovative companies at critical stages of their development.

Patrick Cerone

Managing Director

Edward Hill

Managing Director

Ned Hill

Managing Director - Southeast Fund I

Galen Mason

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Douglas Spear

Managing Director

Past deals in Internet of Things

Farmblox

Seed Round in 2024
Farmblox is a farm automation platform that integrates a sensor ecosystem with carbon sequestration monitoring and artificial intelligence workflows. By leveraging Internet-of-Things (IoT) and machine learning technologies, Farmblox aims to enhance farming efficiency, reduce labor costs by up to 50%, and minimize water usage. The platform enables farmers to monitor remote farmland reliably under various weather conditions through a user-friendly dashboard, allowing for quick identification of operational issues such as irrigation leaks, weather risks, and equipment failures. Additionally, Farmblox offers flexibility in sensor integration and AI-powered automation, empowering farmers to manage their operations seamlessly from any location, ultimately improving yields and generating new revenue streams.

Pura

Seed Round in 2020
Pura is a smart home company that specializes in innovative air freshening solutions. They have developed a plug-in device that accommodates two different fragrances, allowing users to schedule and customize their scent experience. This device operates efficiently, releasing fragrances only when people are present in the home and turning off when they are not, thereby minimizing waste. Pura offers a range of liquid-based fragrances and essential oils, all of which can be controlled through a mobile app. This functionality also enables users to activate scents remotely, ensuring a welcoming atmosphere for guests even when they are away from home.

Copper Labs

Seed Round in 2019
Copper Labs, Inc. is a company based in Boulder, Colorado, that specializes in developing Internet of Things (IoT) products and services aimed at enhancing energy management for utilities and consumers. Founded in 2016, Copper Labs has created a wireless energy monitoring system that provides real-time data on electric, gas, and water usage, functioning effectively with or without smart meters. The platform employs machine learning to generate revenue-grade insights, enabling utilities to engage consumers more effectively, manage energy demand, and stabilize the grid. By offering actionable alerts during peak usage periods, Copper Labs empowers consumers to reduce their energy costs and contribute to more efficient energy consumption.

VeriSolutions

Series A in 2018
VeriSolutions, founded in 2015, is an early-stage technology company focused on the Internet of Things (IoT) for the restaurant industry. The company has developed a hardware-enabled software platform that includes a suite of restaurant operations tools and a cold-chain management solution. This solution features sensors for monitoring food temperature, combined with software to ensure the integrity of cold storage. The platform aids restaurants in preventing inventory loss, optimizing staff efficiency, and enhancing operational oversight, which contributes to improved customer safety and streamlined daily operations.

Idle Smart

Series A in 2018
Idle Smart, LLC, established in 2011 and headquartered in Kansas City, Kansas, with a presence in Lenox, Massachusetts, specializes in providing solutions for commercial vehicle fleets. The company's core product is Idle Smart, an automated engine start-stop system designed to minimize overnight idle time, thereby reducing fuel consumption and emissions. This solution is particularly suited for day cabs, electric auxiliary power units (APUs), and school buses operating in the United States and Canada. Idle Smart's platform also offers remote management features, including battery and coolant temperature monitoring, automated engine running, and real-time performance analysis, ensuring fleet uptime and optimizing overall performance.

Rachio

Series B in 2018
Rachio, Inc. is a Denver-based company that specializes in intelligent sprinkler controllers aimed at enhancing water efficiency for residential landscapes. Founded in 2013, Rachio offers a WiFi-enabled device that allows users to remotely manage their sprinkler systems via a smartphone application. The system automatically adjusts watering schedules based on various factors, including local weather conditions, soil characteristics, and individual water budgets. By leveraging cloud-based technology, Rachio enables users to control their outdoor irrigation from anywhere, ultimately helping them save both water and money.

Losant

Series A in 2018
Losant is a developer platform focused on enabling the creation of complex connected solutions through its enterprise Internet of Things (IoT) application enablement platform. Founded in 2015 and headquartered in Cincinnati, Ohio, Losant offers robust features for data collection, aggregation, and visualization, allowing clients to effectively manage and interpret large volumes of sensor data. The platform employs open communication standards to facilitate secure connectivity among numerous devices, promoting seamless integration of both connected and non-connected systems. By providing these capabilities, Losant empowers teams to build and deploy real-time data solutions tailored to their specific needs.

Noonlight

Seed Round in 2017
Noonlight, Inc. is a company that specializes in personal safety through its mobile application, which connects various Internet of Things (IoT) devices to enhance user protection. Founded in 2013 and headquartered in Saint Louis, Missouri, Noonlight's platform provides 24/7 professional monitoring and data-driven emergency response capabilities. The application enables users to create accounts and connect multiple devices, allowing for precise location detection in emergencies. In critical situations, it can alert authorities without necessitating a 911 call or verbal communication. Noonlight's technology is operational across the United States, making it a versatile tool for enhancing personal safety and comfort.

Notion

Series A in 2017
Notion is a company that specializes in home monitoring systems, providing property owners with tools to safeguard their spaces and belongings. Founded in 2013 by Brett Jurgens and Ryan Margoles and based in Denver, Colorado, Notion offers a multi-function, compact sensor that delivers real-time alerts for various issues, including motion detection, temperature changes, water leaks, and alarms. The system is designed to enhance home awareness through an intuitive user experience and comprehensive data analytics, allowing customers to proactively address potential problems in their homes.

Tovala

Seed Round in 2016
Tovala is a Chicago-based company that offers a unique combination of a smart oven and a fresh meal delivery service, aiming to simplify dinner preparation for busy individuals. Founded in 2015 and launched in 2017, Tovala's system features an internet-connected countertop steam oven designed for multi-step cooking, paired with gourmet chef-prepared meals. This innovative approach allows users to enjoy healthy, home-cooked meals with minimal effort, requiring only the scanning of a barcode to initiate the cooking process. Tovala's service addresses the growing demand for convenient and nutritious meal solutions in today’s fast-paced lifestyle.

Parkifi

Series A in 2016
Parkifi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that allows users to locate available parking spaces in real time, thus easing the search for parking and reducing unnecessary driving, which contributes to urban congestion and environmental impact. Parkifi's offerings cater to a variety of clients, including private parking operators, property managers, and city parking services. The company's app enables users to find open parking spots and facilitates payment at select locations, with plans to expand services to metered street parking. Parkifi has raised $13.5 million in venture capital and was recognized as a “Denver Gazelles” company in 2016. Formerly known as Krumly LLC, Parkifi operates as a subsidiary of DISH Network Corporation as of 2018.

Rachio

Series A in 2015
Rachio, Inc. is a Denver-based company that specializes in intelligent sprinkler controllers aimed at enhancing water efficiency for residential landscapes. Founded in 2013, Rachio offers a WiFi-enabled device that allows users to remotely manage their sprinkler systems via a smartphone application. The system automatically adjusts watering schedules based on various factors, including local weather conditions, soil characteristics, and individual water budgets. By leveraging cloud-based technology, Rachio enables users to control their outdoor irrigation from anywhere, ultimately helping them save both water and money.

Parkifi

Convertible Note in 2015
Parkifi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that allows users to locate available parking spaces in real time, thus easing the search for parking and reducing unnecessary driving, which contributes to urban congestion and environmental impact. Parkifi's offerings cater to a variety of clients, including private parking operators, property managers, and city parking services. The company's app enables users to find open parking spots and facilitates payment at select locations, with plans to expand services to metered street parking. Parkifi has raised $13.5 million in venture capital and was recognized as a “Denver Gazelles” company in 2016. Formerly known as Krumly LLC, Parkifi operates as a subsidiary of DISH Network Corporation as of 2018.

Parkifi

Seed Round in 2015
Parkifi, Inc. is a technology company based in Denver, Colorado, that specializes in IoT-enabled parking solutions. Founded in 2014, the company offers a platform that allows users to locate available parking spaces in real time, thus easing the search for parking and reducing unnecessary driving, which contributes to urban congestion and environmental impact. Parkifi's offerings cater to a variety of clients, including private parking operators, property managers, and city parking services. The company's app enables users to find open parking spots and facilitates payment at select locations, with plans to expand services to metered street parking. Parkifi has raised $13.5 million in venture capital and was recognized as a “Denver Gazelles” company in 2016. Formerly known as Krumly LLC, Parkifi operates as a subsidiary of DISH Network Corporation as of 2018.
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