Service Provider Capital

Service Provider Capital is a venture capital firm established in 2014 and based in Colorado. The firm focuses on early-stage investments, notably seed-stage opportunities, and participates as a co-investor in Series A rounds led by institutional venture funds. Its portfolio interests span a broad range of technology sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, health, and cannabis.

Patrick Cerone

Managing Director

Ned Hill

Managing Director

Edward Hill

Managing Director

Galen Mason JD

Managing Director

Jody Shepherd

Co-Founder and Managing Director

Douglas Spear JD

Managing Director

Past deals in Internet of Things

Farmblox

Seed Round in 2024
Farmblox is a comprehensive automation platform for farming. It combines IoT sensors, carbon sequestration monitoring, and AI workflows to enhance efficiency by up to 50%, reduce water usage, and create new revenue streams. The platform enables farmers to remotely monitor their land in all weather conditions, quickly identify operational issues, and manage operations from a single dashboard.

Pura

Seed Round in 2020
Pura is a smart home fragrance company that offers a unique diffuser system designed for customizable scent experiences. Their innovative plug-in device accommodates two fragrances simultaneously, allowing users to schedule scent releases for a tailored olfactory experience. The device is compatible with both liquid-based fragrances and essential oils, promoting eco-friendly options. Unlike traditional air fresheners that continuously emit scent, Pura's dispenser operates only when home, conserving fragrance usage. Additionally, it features remote access capabilities through WiFi or 4G, enabling users to release scents from afar, ensuring their space is inviting upon arrival.

Copper Labs

Seed Round in 2019
Copper Labs develops Internet of Things products and services that provide utilities and consumers with real-time energy data from electric, gas, and water meters. Founded in 2016 and based in Boulder, Colorado, the company offers an energy consumption monitoring system that delivers real-time grid-edge intelligence and revenue-grade usage data, with or without smart meters. Using machine learning, its platform collects accurate measurements and generates actionable insights, including consumer-friendly alerts during peak periods, helping utilities engage customers, manage demand, stabilize the grid, and reduce the cost of serving energy.

ThingTech

Series A in 2019
ThingTech, LLC is a developer of Software as a Service (SaaS) applications specializing in enterprise asset management, fleet tracking, telematics, and scheduling optimization. The company’s flagship product, the ThingX platform, leverages the Internet of Things (IoT) to connect real-time data with devices, assets, and personnel, enabling organizations to monitor asset behavior and receive timely alerts for informed decision-making. ThingTech also provides an API service that integrates various systems, including GPS, sensors, and customer relationship management tools, facilitating enhanced connectivity between fleets, assets, and customers. Additionally, the company offers Transit Asset Management solutions tailored for transit agencies, aiding in the management and optimization of operations. Founded in 2014 and based in Atlanta, Georgia, ThingTech serves a diverse clientele that includes field service organizations, heavy equipment rental companies, construction firms, industrial equipment providers, state and local governments, and specialty logistics industries.

VeriSolutions

Series A in 2018
Founded in 2015, VeriSolutions develops intelligent software for the restaurant industry. Its platform includes a suite of operations software and a cold-chain solution comprising temperature sensors and management software, aiming to prevent inventory loss, enhance staff efficiency, monitor refrigeration devices, and improve overall operational oversight.

LockState

Series A in 2018
LockState develops connected access control systems for commercial and residential markets. Its suite of products enables remote access management and enhances security for vacation rental properties, retail stores, commercial spaces, and apartments.

Losant

Series A in 2018
Founded in 2015 and headquartered in Cincinnati, Ohio, Losant is a developer platform designed to facilitate the creation of complex connected solutions. It offers robust data collection, aggregation, and visualization features to help understand and analyze vast amounts of sensor data securely.

Noonlight

Seed Round in 2017
Noonlight, Inc. is a personal safety technology company that develops a mobile application designed to enhance user safety by connecting various Internet of Things (IoT) devices. Founded in 2013 and headquartered in Saint Louis, Missouri, Noonlight's application enables users to create accounts, connect their devices, and sense potential danger. The platform offers a seamless experience across iOS and Android devices, allowing for precise location detection and the ability to trigger alarms manually. In emergency situations, the application can alert law enforcement without requiring a 911 call or the need for users to communicate verbally. Noonlight has evolved into a comprehensive connected safety platform, partnering with various products and services to provide 24/7 professional monitoring and data-driven emergency response, ensuring users can feel secure in any environment.

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.

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 provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.

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 provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.

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 provides real-time information on parking occupancy and payment options, aiming to alleviate the challenges associated with finding parking. ParkiFi's services cater to a variety of clients, including private parking operators, property managers, municipal parking services, and urban planners. The company’s mobile app allows users to find available parking spots in garages and lots, as well as pay for parking directly through the app. By streamlining the parking process, ParkiFi not only enhances user convenience but also seeks to reduce the environmental impact of driving by minimizing the time spent searching for parking. The app was launched in downtown Denver in 2016, with plans for expansion to other neighborhoods and locations. ParkiFi was previously known as Krumly LLC and operates as a subsidiary of DISH Network Corporation.
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