About Plexus Innovation
Plexus Innovation is a company based in Durham (United States) founded in 2017 by Steve Todd was acquired by HSL Compliance in February 2024. Plexus Innovation has raised $1.1 million across 2 funding rounds from investors including Mercia, Maven Capital Partners and HSL Compliance. Plexus Innovation offers products and services including GUARDIAN®. Plexus Innovation operates in a competitive market with competitors including Sensorist, Intellisense Systems, Conserv, Validair and Whirlybird, among others.
- Headquarter Durham, United States
- Founders Steve Todd
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website plexus-innovation.com
- Social LinkedIn X Facebook YouTube
- Acquired by HSL Compliance (Feb 2024)
- Total Equity Funding$1.1M (USD)
in 2 rounds
- Latest Funding Round$574.36K (USD), Seed
Jul 2022
- InvestorsMercia
& 2 more
- Acquired byHSL Compliance
(Feb 2024)
Products & Services of Plexus Innovation
Plexus Innovation offers a comprehensive portfolio of products and services, including GUARDIAN®.
Remote system for measuring and alerting on water and facility conditions.
Funding Insights of Plexus Innovation
Plexus Innovation has successfully raised a total of $1.1M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $574.36 thousand completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.1M
- Total Rounds 2
- Last Round Seed — $574,363
- First Round $529,686
(Nov 2020)
- Investors Count 2
All 2 funding rounds of Plexus Innovation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $574,363 | Seed | – | – | |
| Nov 2020 | $529,686 | Seed | – | Maven Capital Partners | – |
3 investors in total: 3 institutional.
Investors in Plexus Innovation
Plexus Innovation has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Mercia, Maven Capital Partners and HSL Compliance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are targeted for private equity investments. | 2005 | mavencp.com | Birmingham, United Kingdom | |
Investment management services are provided by Mercia to various clients. | 1982 | mercia.co.uk | - | |
Provider of compliance services for water, asbestos, fire, and occupational hygiene | 1989 | hslcompliance.com | - |
Investor details for Plexus Innovation
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Plexus Innovation
2 people are tracked at Plexus Innovation (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Steve Todd | Co-Founder & CEO & MD | Leadership |
Raquel Goden | Operations Manager | Team |
Complete people profiles for Plexus Innovation
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Plexus Innovation
4 dated milestones of Plexus Innovation across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Plexus Innovation is founded.
- Funding First funding round of $530K.
- Funding Latest funding round, Seed, of $574K.
- Exit Acquired by HSL Compliance.
Competitors of Plexus Innovation
Plexus Innovation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sensorist, Intellisense Systems, Conserv, Validair and Whirlybird, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sensorist.com | 2012 | Copenhagen, Denmark | $1.86M | 2 | Small wireless sensors for temperature and humidity are provided. | |
| intellisenseinc.com | 2018 | Torrance, United States | – | 138 | Developer of environmental sensors | |
| conserv.io | 2019 | Birmingham, United States | $5.78M | 20 | AI and SaaS-driven environmental sensors are provided for organizational monitoring. | |
| validair.com | 1974 | Malvern, United Kingdom | – | 17 | Environmental monitoring solutions for cleanrooms and critical facilities are provided. | |
| whirlybird.in | 2004 | Mumbai, India | $15,834 | – | Technology products for sensors are provided in industrial applications. | |
| tempstick.com | 2018 | Bountiful, United States | – | – | Provides IoT-enabled sensors for monitoring temperature and humidity across multiple industries. | |
| superhands.ee | 2014 | Tallinn, Estonia | – | 13 | Develops IoT devices and services for industrial and smart city sectors. |
Detailed competitors of Plexus Innovation
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- Competitive positioning
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Latest news on Plexus Innovation
Complete news archive for Plexus Innovation
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Brand-specific news history
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Similar companies to Plexus Innovation
10 companies that operate in the same segment as Plexus Innovation (Sensors & Smart Devices), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,660 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | – | – | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Video streaming devices and platforms are provided by Roku. | 2008 | San Jose, California, United States | USD 213.57 M | USD 4.74 B | 3,340 | |
Provider of hardware and software for monitoring home energy consumption | 2010 | Palo Alto, California, United States | USD 80 M | – | – | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 |
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Frequently Asked Questions about Plexus Innovation
Plexus Innovation was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Plexus Innovation is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Steve Todd is the current CEO of Plexus Innovation. They have also founded this company.
Plexus Innovation is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $529.69K, raised on Nov 2020.
Plexus Innovation was established in 2017 in Durham, United States, with Steve Todd serving as co-founder, CEO, and managing director. Digital transformation services are delivered by the company, focusing on technology-driven solutions for various sectors. Operations are centered in the United States, where support for business modernization and innovation is provided through consulting and implementation. The firms domain, plexus-innovation.com, facilitates client engagement in this field.
Plexus Innovation offers GUARDIAN®.
Plexus Innovation has 3 investors. Key investors include Mercia, Maven Capital Partners, and HSL Compliance.
Yes. Plexus Innovation was acquired by HSL Compliance in February 2024.