executed a Series C-1 equity financing with
ABOUT THE COMPANY:
Aperia Technologies (“Aperia”) has developed a new hardware technology to automate tire inflation management for commercial vehicles. The product utilizes the rotation of the tire to self-power monitoring and refilling air pressure. Aperia’s product roadmap includes a data analytics tool to enable predictive maintenance and management of the wheel end.
SITUATION:
The Company generated approximately $10MM in revenue and had raised approximately $50MM in equity. Management was seeking to broaden its investor base to fund the next stage of development which includes an interconnected data solution as well as find a strategic partnership that could accelerate the development of next generation solutions.
ENGAGEMENT:
G2 was engaged as the exclusive Financial Advisor to Aperia to identify and engage multiple funding sources and assist with the evaluation and negotiation of a transaction.
OUTCOME:
G2 effectuated a $36MM Series C-1 Equity Raise that was led by Blackhorn Ventures and included participation from Municipal Employees Retirement Systems (MERS) and Consolidated Metco (Con Met).
DEAL TEAM:
SUB-SECTOR
Industrial Technology
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