Center Electric

Center Electric is a venture capital firm based in San Francisco, California, specializing in early-stage investments within the Internet of Things (IoT) ecosystem. The firm focuses on both the infrastructure supporting IoT and the hardware that leverages it, aiming to build a comprehensive ecosystem that enables IoT concepts to materialize more efficiently. Center Electric's investment philosophy emphasizes the importance of a robust and stable ecosystem for IoT innovations to thrive.

The firm's leadership includes Jay Adelson, known for his involvement in companies like Equinix, Digg, Revision3, SimpleGeo, and Opsmatic, and Andy Smith, with experience at Dolby, Intel, Lean Launchpad, and PriceWaterhouseCoopers. Center Electric's investment strategy targets early-stage technology companies, particularly those developing IoT infrastructure and hardware solutions. The firm seeks to invest in the full stack of IoT, from the underlying infrastructure to the devices that utilize it, aiming to support the expansion of connectivity to a vast number of devices.

Center Electric has made several investments in companies such as August.com, FreeWire Technologies, GoTenna, Kentik, Mesosphere, NS1, Paperspace, Parkifi, Pi Charging, SmartRoost, SeniorPago, and Virtual Power Systems. The firm typically invests between $250,000 and $5 million in each portfolio company. Center Electric is committed to building a stable ecosystem for IoT innovations, leveraging its leadership's extensive experience in technology and venture capital to support the growth and success of its portfolio companies.