Several interesting transactions closed in the Internet Of Things sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Merger/Acquisition
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- Finale Inventory, intuitive cloud-based inventory management system that handles stock movements from purchasing through to sales, was acquired by Descartes Systems Group.
- Iris, operating system for AV devices that enables direct-to-cloud control through embedded software and user-friendly web and desktop applications, was acquired by Audinate.
- Jolt, operations execution software that helps businesses achieve team accountability, digital food safety and boost employee performance, was acquired by Digi International for $145.5 million.
Later Stage VC
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- Axzon, wireless sensing technology that offers real-time business insights, raised $1 million of venture funding.
- Eigen Innovations, artificial intelligence-based Internet of Things system that overcomes challenges related to deploying and managing quality inspection, raised CAD 2 million of Series A3 venture funding from BDC Capital, TLT East Ventures, and New Brunswick Innovation Foundation.
- Fullpower-AI, an edge-to-cloud platform that provides real-time AI deep-learning biosensing, raised $25 million of Series C venture funding from Somnigroup International.
Early Stage VC
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- Heylo, remote care monitoring platform for residential support and safety enhancement purposes, raised venture funding.
- Tiny Fish, artificial intelligence-based software development platform that empowers machines to communicate and collaborate, raised $47 million through a combination of Series A venture funding in a deal led by U.S. Venture Partners and ICONIQ Capital.
Seed
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- EdgeX, wire-free enterprise edge intelligence software that allows hospitals to track mobile equipment by capturing intelligence about the location and status of people and assets, raised $14.47 million through a combination of Seed-IV and Seed-V funding from HBS Alumni Angels of Greater New York and other investors.
- Magnefy, artificial intelligence-powered magnetic sensing platform that helps with real-time predictive maintenance of critical power infrastructure, raised $1.58 million of Series 1 seed funding in a deal led by Dolby Family Ventures.
#castleplacement #capitalraising #privateequity #venturecapital #investment #InternetOfThings #IoT
Axel Reijmers
Managing Director
Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
- Email: areijmers@castleplacement.com
- (C) (201) 747-4718
 Axel ReijmersManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement® does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
