Neolitics is pleased to announce the successful closure of our Series A Round which closed at a post-money valuation of $26.5M.

The Round, which was led by Privanet Securities Oy, allowed Neolitics to attract a number of strategic investors from the European Union, a critical market for the Company’s technology.

Use of proceeds from the Round will primarily be used to facilitate a number of key pilots that are important to the Company’s product development efforts and its commercial launch in 2018.