Tech Company Financing Transactions
IsoTruss Funding Round
S.G. Koenig Trust and private investors invested in a $4.5 million Series A funding round for IsoTruss. This venture round was announced on 3/15/2022.
Transaction Overview
Company Name
Announced On
3/15/2022
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Series A
Investors
S.G. Koenig Trust (Lead Investor)
Proceeds Purpose
The company intends to use the funds to scale up operations and accelerate production of patented IsoTruss® carbon fiber cell towers in support of 5G rollout by telecom infrastructure providers.
Company Information
Company Status
Private & Independent
Industry
Engineering
Mailing Address
2414 West 700 South 100
Springville, UT 84663
USA
Springville, UT 84663
USA
Phone
Website
Email Address
Overview
IsoTruss® achieves its incredibly high strength-to-weight ratio with a special geometry that uses longitudinal and helically wound members. The "iso" and "truss" in "IsoTruss" come from its efficient geometry; isosceles triangles that form a truss of pyramids which are what give the IsoTruss® its unique strength and stiffness.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Nathan Rich
Chief Financial Officer
Cromwell Wong
VP - Engineering
Jonathan Curtis
VP - Manufacturing
Evan Vorwaller
VP - R & D
Marianne Clayton
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