Top 10 Internet Of Things Capital Raises and Investors in the U.S. – November 16th – December 31st, 2025
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.
PE Growth/Expansion
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- Aeris Communications, cellular IoT connectivity and connected vehicle platform that improves operational efficiency, received an estimated $220 million of development capital from TA Associates Management and other investors.
Merger/Acquisition
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- Credence ID, handheld biometric and credential reading technology that makes human enrollment and identification intuitive and cost-effective, was acquired by Matica Fintec for $8 million.
- Frabbit, artificial intelligence-driven product-building platform that accelerates software innovation, was acquired by Universe Global.
Buyout/LBO
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- Balena, IoT-based fleet management platform that simplifies how software is built, deployed, and managed, was acquired by LoneTree Capital through an LBO.
Later Stage VC
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- AquaEye, handheld scanning sonar device that aids water-based search and rescue operations, raised venture funding from Scale Good Fund.
- Artisight, IoT sensor network that improves organizational operations and financial performance for healthcare, raised venture funding from Labcorp Venture Fund.
- CubeWorks, wireless sensing tags for real-time monitoring across diverse environments, raised $1.44 million of venture funding in the form of convertible debt from TELUS Global Ventures and other investors.
- RapidSOS, emergency technology platform that links the Internet of Things devices directly to first responders to improve emergency response, raised $100 million through a combination of Series D and Series D-1 venture funding in a deal led by Apax Partners, and other investors.
Early Stage VC
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- INLAN, indoor localization and navigation technology for real-time motion tracking, raised $5 million of Series A venture funding in a deal led by Saas Fee Limited.
Seed
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- Genabot, advanced hardware and software platforms that enhances efficiency, yield, and quality in semiconductor manufacturing, raised $2 million of Seed funding.
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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 |
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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.
