US Capital Engaged on $5MM Preferred Equity Raise for Discovery Sound Technology, LLC
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,” said Jeffrey Sweeney, Chairman and CEO at US Capital Partners. “The opportunity to participate in Discovery’s $5 million preferred equity raise is now open to eligible investors through our digital investment platform, available at http://www.uscgs.com, which offers a curated selection of private placement opportunities.”
About Discovery Sound Technology, LLC
Discovery Sound Technology, LLC provides a cloud-based service platform that registers and evaluates heating, ventilation, and air conditioning (HVAC) equipment data for predictive maintenance, real-time diagnostics, and advanced analytics. The platform leverages and advances the IoT, a network of internet-connected objects able to collect and exchange data using embedded sensors. Discovery’s suite of IoT products ranges from technician-enabled hand-held units, to permanently mounted sensors, to multi-sensor continuous monitoring systems.
About US Capital Partners
Since 1998, US Capital Partners Inc. has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors. The firm manages direct investment funds and provides wealth management and M&A services. Operating with its registered broker dealer affiliate, US Capital Global Securities, LLC, the firm acts as a licensed placement agent, and collaborates closely with its peers in professional banking and investment advisory.
To learn more, email Jeffrey Sweeney, Chairman and CEO, at jsweeney(at)uscapitalpartners.net or call (415) 889-1010.
Fana Richardson, US Capital Partners Inc., http://uscapitalpartners.net/, (415) 889-1010, [email protected]
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