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Announced

Completed

Sam Altman and Lachy Groom led a $35m round in Meter.

Financials

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Transaction Value£27m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Electronic Components and Equipment

internet infrastructure

Minority

Friendly

Acquisition

Domestic

Single Bidder

Private

Completed

Synopsis

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Sam Altman and Lachy Groom led a $35m round in Meter, an internet infrastructure company. “Over the past decade, we set out to build a modern utility, and we’ve been making incredible progress towards that in the past year. Businesses are moving into spaces where Meter is already installed–they simply need to turn it on. We’ve also made significant progress in terms of customer growth and product development. Our progress is a result of our dedication to making a better product and experience for our customers,” Anil Varanasi, Meter CEO and Co-Founder.

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