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New Deal


Announced

Completed

Energize Ventures led a $30m Series B funding round in Finite State.

Financials

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Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Venture Capital

Acquisition

Completed

Single Bidder

United States

Domestic

Minority

connected device security

Private Equity

Private

Friendly

Synopsis

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Energize Ventures led a $30m Series B funding round in Finite State, a company focus on connected device security. Additional investors include Schneider Electric Ventures and Merlin Ventures. “It was an organic fit for us to align with Energize Ventures, which was introduced to us by our longtime client, Schneider Electric. The Energize and Schneider teams have unique insight on the market demand, where our solutions fit, and how we can better help the energy sector lock down their device security. The value proposition goes far beyond their capital investment,” Matt Wyckhouse, Finite State CEO.

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