March 16, 2022 – MILWAUKEE – Renaissant, Inc, a leading provider of logistics and business management software that connects people and data across the freight industry today announced it has raised $1.07 million in funding to support future growth.
The company has completed a $770,000 private placement investment and closed a $300,000 technology development loan from the Wisconsin Economic Development Corporation (WEDC). Renaissant intends to use the net proceeds of the private placement for working capital and general corporate purposes, including investments in strategic areas to support its growth strategy.
“We are thankful for our terrific investor base, along with WEDC for their support of our long term vision of bringing disruptive technology to the logistics industry,” said Tom Dean, President & Chief Executive Officer. “2021 was a breakthrough year for Renaissant. We saw rapid demand for our technology platform that is helping solve real logistics problems for some of the largest shippers in Wisconsin. These additional funds will help accelerate the next phase of our growth strategy.”
The securities sold in the private placement have not been registered under the Securities Act of 1933. All participants in the private placement are Accredited Investors.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation, or sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.
About Renaissant
Renaissant launched in 2018 to help companies move more freight through technology and data. The company has experienced rapid growth in the past two years, doubling employee size as well as its core customer base. The company’s core platform, C2, is driving efficiencies across warehouse and loading docks across America. To learn more about Renaissant, visit renaissant.com.