Tech Company Financing Transactions
Linear Labs Funding Round
Champion Hill, Duke Angel Network and private investors participated in a $6 million venture round for Linear Labs. The funding round was announced by the company on 10/15/2020.
Transaction Overview
Company Name
Announced On
10/15/2020
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funding will be used to expand manufacturing expertise, supply chain infrastructure and logistics, as well as advanced automation and robotics engineering, in order to meet the current signed customer needs of producing 100,000 units in 2021 with a target of 1,000,000 units the following year.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
1450 Markum Ranch Rd. E
Fort Worth, TX 76126
USA
Fort Worth, TX 76126
USA
Phone
Undisclosed
Website
Email Address
Overview
The world has a bottomless appetite for electricity. In fact, 45% of the world's electricity passes through an electric motor. This is equivalent to 1 out of every 2 power plants solely dedicated to electric motors. And yet electric motor designs remain essentially unchanged in last 100 years.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brad Hunstable
Chief Financial Officer
Mary Korn
Chief Technical Officer
Fred Hunstable
VP - Bus. Development
Jon Hurry
VP - Engineering
Erik Hatch
VP - Engineering
Csaba Sipocz
VP - Engineering
Michael Van Steenburg
VP - General Counsel
Michael Williams
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Our team works diligently to report on every notable VC transaction. VC investment data records on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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