{"id":545823,"date":"2022-04-13T04:04:33","date_gmt":"2022-04-13T04:04:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/"},"modified":"2022-04-13T04:04:33","modified_gmt":"2022-04-13T04:04:33","slug":"pylon-closes-usd-19-mn-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/","title":{"rendered":"Pylon closes USD 19 mn seed round"},"content":{"rendered":"

<\/a> Infrastructure management platform <\/strong>Pylon<\/a><\/strong> has raised USD 19 mn in a seed <\/strong>funding round <\/strong>led by Endure Capital<\/a>, Cathexis Ventures<\/a>, Khwarizmi Ventures<\/a>, LoftyInc Capital<\/a> and angel investors, the startup announced in a statement (pdf)<\/a>. The investment includes an unspecified mix of equity and debt and will be used to help the company expand into new markets and develop its product offering.<\/p>\n

About the company:<\/strong> Launched in 2017, Pylon provides what it calls \u201csmart metering as a service\u201d to water and electricity distribution companies. It uses data analytics and AI to detect where electricity is being stolen and where losses are happening on the grid, helping distribution companies reduce losses, increase efficiency and improve their revenues.<\/p>\n

Where does it operate?<\/strong> The company is currently active in Egypt and the Philippines, according to TechCrunch<\/a>, and now serves more than 1 mn meters. It works with five of Egypt\u2019s nine distribution companies, serving 500k meters across South Cairo, the South Delta, Alexandria, the canal region, and Middle Egypt, and operates meters in Madinaty and Mostakbal City.<\/p>\n

By the numbers:<\/strong> The company has reached profitability less than five years after its launch, and experienced 3.5x growth last year.<\/p>\n

Expansion plans:<\/strong> The company is targeting new emerging markets in Southeast Asia, Africa and Latin America, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Infrastructure management platform Pylon has raised USD 19 mn in a seed funding round led by Endure Capital, Cathexis Ventures, Khwarizmi Ventures, LoftyInc Capital and angel investors, the startup announced in a statement (pdf). The investment includes an unspecified mix of equity and debt and will be used to help the company expand into new […]<\/p>\n","protected":false},"author":1,"featured_media":545824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[244,72,1696,1697,95,123,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-electricity","tag-enterpriseam","tag-pylon","tag-smart-metering","tag-startup-watch","tag-startups","tag-water","wpautop","entry"],"acf":{"mongo_id":"a8d9d16a-f589-4ffb-a458-8259f4439034","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/227.jpg","photo_position":"above","related_issue":[545814],"teaser":"","voice_url":""},"yoast_head":"\nPylon closes USD 19 mn seed round - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pylon closes USD 19 mn seed round\" \/>\n<meta property=\"og:description\" content=\"Infrastructure management platform Pylon has raised USD 19 mn in a seed funding round led by Endure Capital, Cathexis Ventures, Khwarizmi Ventures, LoftyInc Capital and angel investors, the startup announced in a statement (pdf). The investment includes an unspecified mix of equity and debt and will be used to help the company expand into new […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-13T04:04:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/227.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pylon closes USD 19 mn seed round\",\"datePublished\":\"2022-04-13T04:04:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/\"},\"wordCount\":216,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/227.jpg?fit=%2C&ssl=1\",\"keywords\":[\"electricity\",\"EnterpriseAM\",\"Pylon\",\"smart metering\",\"Startup watch\",\"startups\",\"water\"],\"articleSection\":[\"Startup watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/\",\"name\":\"Pylon closes USD 19 mn seed round - 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The funding came either following the companies closing pre-seed rounds, or as boosters to companies that are looking to expand and complete acquisitions.The startups: The Egyptian startups include Cairo-based delivery service ShipBlu, ins.\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546388,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/startup-funding-in-egypt-is-down-month-on-month-in-april\/","url_meta":{"origin":545823,"position":3},"title":"Startup funding in Egypt is down month-on-month in April","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"Egyptian startups raised USD 37 mn in April, marking a 57% drop from March, Wamda reported Thursday. Egyptian startups raised the third biggest total in the region last month, after Saudi Arabia (USD 137 mn) and the UAE (USD 61.5 mn). Infrastructure management platform Pylon was Egypt\u2019s biggest fundraiser, raising\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575289,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/11\/payroll-management-startup-nowpay-raises-usd-2-1-mn-in-seed-funding\/","url_meta":{"origin":545823,"position":4},"title":"Payroll management startup NowPay raises USD 2.1 mn in seed funding","author":"enterpriseam admin","date":"11 October 2020","format":false,"excerpt":"STARTUP WATCH- Payroll management startup NowPay has raised USD 2.1 mn in seed funding from a group of Egyptian, US, UAE and Chinese investors led by Foundation Ventures and Endure Capital, according to a company statement (pdf). BECOCapital, 500 Startups, Plug and Play, 4dx Ventures, MSA Capital, EFG-EV Fintech, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548931,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/subsbase-raises-usd-2-4-mn-in-a-seed-round-led-by-global-ventures\/","url_meta":{"origin":545823,"position":5},"title":"SubsBase raises USD 2.4 mn in a seed round led by Global Ventures","author":"enterpriseam admin","date":"28 August 2022","format":false,"excerpt":"Egyptian subscription management platform SubsBase has raised USD 2.4 mn in a seed round led by Global Ventures, according to a companypress release (pdf). 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