Balena has received a strategic growth investment from LoneTree Capital
Balena
Balena is a global Internet of Things (IoT) platform that gives developers and organizations a reliable way to build, deploy and manage fleets of connected devices at scale. Using a secure, container-based architecture, it enables customers to set up devices, push over-the-air updates, monitor performance and troubleshoot remotely from a single interface. Balena’s ecosystem supports a wide range of hardware and use cases, allowing teams to focus on their business rather than infrastructure complexity. For more information, please visit www.balena.io.
The Deal
Lincoln International was engaged by Balena based on its deep expertise in industrial and infrastructure software, global buyer network and deep experience executing complex cross-border transactions. Lincoln utilized its deep domain expertise and best-in-class execution capabilities to run a successful process, working with management to highlight Balena’s unique value proposition, strong product-market fit and exciting growth opportunities.
Our Perspective
Jesse Espinoza, Managing Director in Lincoln International’s Technology Group who led the transaction, commented, “Balena has built a unique and highly capable platform that solves one of the most pressing challenges facing commercial, industrial and edge-driven organizations: securely orchestrating and managing devices at scale. The company’s proven software offering, enterprise-grade capabilities and high user stickiness position the company exceptionally well for continued growth. We believe LoneTree Capital is the ideal partner for Balena’s next phase and look forward to following the company’s continued momentum.”
LoneTree Capital
Founded in 2021 and headquartered in New York City, LoneTree provides flexible capital alongside operational and mergers and acquisitions support to accelerate growth. The firm enables partner companies—notably, founder-owned bootstrapped businesses, divisions of larger enterprises and formerly venture-backed companies—to achieve their next stage of growth. For more information on LoneTree, please visit www.lonetreecap.com.
Meet our Senior Team
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.