We approached US Capital Partners to support us with capital formation for the next phase of our business expansion. We are extremely pleased with the team, and look forward to meeting strategic investors and other potential partners. – John Jenkins, CEO at Discovery.
San Francsico, California (PRWEB)
September 28, 2017
US Capital Partners Inc. has been engaged by Discovery Sound Technology, LLC (“Discovery”) as its exclusive strategic adviser for a $5 million preferred equity raise for the firm. Discovery will use the new capital for software and product development, equipment production, customer acquisition, and continued expansion.
US Capital Partners is a full-service private financial group headquartered in San Francisco. Through its investment bank affiliate, US Capital Global Securities, LLC, the firm provides private placement services and has wide distribution for debt and equity private placements.
Incorporated in 2009 in Nashville, Tennessee, Discovery has developed an innovative cloud-based service platform for enhanced predictive maintenance, real-time diagnostics, and advanced analytics for heating, ventilation, and air conditioning equipment. The platform leverages the rapidly expanding Internet of Things (IoT), a new interconnection of technology heralded as the next industrial revolution.
John Jenkins, CEO at Discovery, commented: “We approached US Capital Partners to support us with capital formation for the next phase of our business expansion. We are extremely pleased with the team, and look forward to meeting strategic investors and other potential partners.”
“We are delighted to be assisting Discovery with its growth capital needs in a strategic investment banking role, as the company moves into the next phase of its business expansion,”…