Tech Company Financing Transactions
IsoTruss Funding Round
IsoTruss, based in Springville, secured $3 million in investment from Sojitz Corporation and private investors.
Transaction Overview
Company Name
Announced On
10/1/2020
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Sojitz Corporation (Lead Investor)
Proceeds Purpose
The company intends to use the funds to scale up operations and accelerate production of patented IsoTruss® carbon fiber cell towers in support of 5G rollout by telecom infrastructure providers.
Company Information
Company Status
Private & Independent
Industry
Engineering
Mailing Address
2414 West 700 South 100
Springville, UT 84663
USA
Springville, UT 84663
USA
Phone
Website
Email Address
Overview
IsoTruss® achieves its incredibly high strength-to-weight ratio with a special geometry that uses longitudinal and helically wound members. The "iso" and "truss" in "IsoTruss" come from its efficient geometry; isosceles triangles that form a truss of pyramids which are what give the IsoTruss® its unique strength and stiffness.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Nathan Rich
Chief Financial Officer
Cromwell Wong
VP - Engineering
Jonathan Curtis
VP - Manufacturing
Evan Vorwaller
VP - R & D
Marianne Clayton
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