Innventure, Inc. has announced two financing arrangements to strengthen its capital position and provide additional operating flexibility. The company entered into a $50 million secured line of credit with Western Technology Investment and also issued approximately $11 million of Series B Preferred Stock through investment agreements.
Company Information
Company
Innventure
Location
Orlando, Florida, United States
About
Innventure LLC is an enterprise growth engine that has a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. It uses operational expertise to build and scale companies around breakthrough technologies, with the goal of achieving a target enterprise value of at least $1 billion. Innventure has a track record of launching disruptive companies and was the founder of PureCycle Technologies, AeroFlexx, and Accelsius.
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