Background
A leading European internal antenna technology company retained Ocean Tomo, a part of J.S. Held to serve as the company’s financial advisor to support their pivot into the Internet of Things (IoT) space.
Engagement
Ocean Tomo’s role as financial advisor on this transaction centered around capital raising efforts to support working capital and monetization of the company’s portfolio across seven different IoT verticals. Ocean Tomo took an active role in the identification and valuation of the portfolio in the IoT verticals and acted as broker on the capital raising transaction.
Results
Ocean Tomo, a part of J.S. Held, in its role as financial advisor, assisted the client in securing funding to successfully pivot the business and pursue IP monetization efforts in the IoT space, as well as provide additional working capital for the company.