Puls Technologies, a US-based platform that connects consumers with technicians, obtained $50m in a series C round this week that featured Samsung Next, an investment vehicle of consumer electronics producer Samsung.
The round was led by Singaporean government-owned investment firm Temasek and also featured the latter’s subsidiary Red Dot Capital Partners, Sequoia Capital, Viola Ventures, Hanaco Ventures and Hamilton Lane.
Founded in 2015 as CellSavers, Puls operates a software platform that matches consumers with vetted technicians to install and repair smart devices, such as mobile phones, TVs and thermostats. The company claims it connects users to one of its more than 2,500 professionals within an hour.
Puls will use the money to drive further growth, predicting that there will be 11 billion connected devices in operation globally by the end of the year.
Puls has raised $93m in funding to date. Red Dot Capital Partners led a $25m series B round in August 2017 that featured Samsung Next, Maverick Ventures, Kreos Capital, Sequoia Capital and Carmel Ventures.
Eyal Ronen, Puls co-founder and CEO, said: “We are delighted to have Temasek leading this round. As investors in global online leaders, Temasek brings incredible expertise to our board.
“It is a huge vote of confidence in our vision, team and execution, as we accelerate our direct-to-consumer business and expand strategic partnerships with big name retailers, insurance companies, and hardware original equipment manufacturers.”