Flow Capital Announces Investment in Spiridon Technologies
Summary
Recently, Spiridon the acquisition of Tantiv4, a Silicon Valley-based company that builds bespoke software solutions, including voice enablement, for Consumer Electronics Brands and Industrial Smart Device OEMs. Tantiv4 is providing its voice-enabled IoT solution to enable voice commands on televisions and peripheral equipment manufactured by its OEM partner. Proceeds from Flow Capital’s royalty investment will be used to expand Tantiv4’s product line and customer base, and fuel Spiridon’s consolidation activities. “The IoT market is ripe for a strategy such as Spiridon’s: pairing upstream technology providers with downstream channel partners to create cutting-edge, scalable solutions,” said Robb McLarty, Chief Investment Officer of Flow Capital. “Having successfully executed the playbook in related industries, such as enterprise software, Shane Maine and team are poised to replicate their past successes in the IoT space.” Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses.