London-based investment bank, ARC Associates, acted as Joint Placement Agent in raising US$ 7.2m preferred series equity financing for Sonim Technologies Inc (“Sonim”), a US based leading provider of ruggedized mobile phones.
As Joint Placement Agent to Sonim, ARC Associates supported the Company throughout the placement process from identifying suitable equity investors, transaction structuring, investor due diligence, negotiating key terms of the investment through to transaction completion.
Sonim, www.sonimtech.com, is a leading provider of premium-quality submersible, ruggedised mobile phones designed and engineered specifically for people who work and play outdoors or in industrial environments.
The new equity will be used to finance its growing ruggedized handset business and to introduce new handset products into selected regions throughout the world.
Contact:
ARC Associates
John Allen – Chairman
Ph: 020 7614 4000