WRBA portfolio company Pyran completes second raise in excess of $1M
Arosa and WARF Venture Funds Lead Financing to Expand Pyran, Inc.
WRBA portfolio company Pyran completes an oversubscribed second raise in excess of $1M. This has given some of our newer investors the opportunity to invest in Pyran as they did not have the opportunity with the first raise.
Pyran is the very first investment made by the Wisconsin River Business Angels (WRBA) and we were the lead investors for this innovative and green technology that will help companies to reduce both their carbon footprint and their cost of production.
This recent raise will provide enough resources to validate Pyran’s manufacturing process and enough material for select customer product development. Additionally they have hired a CEO experienced in taking green product companies to successful exits.