Company: Heartscape Technologies, Inc.
Situation
This company was a division of a publicly-traded entity with sales operations in the US and manufacturing in Europe. The parent decided to divest of the operation and management desired to buy the enterprise.
Objective
Identify the appropriate funding source to provide growth capital and liquidity for the shareholders.
Solution
Evergreen Advisors marketed the company to over 60 US and European venture capital firms. Radius Ventures led the acquisition from the parent and subsequently led two venture rounds totaling $21.4 million.