HighByte Raises $3.5 Million Seed Round
Industrial software company secures funding from venture capital and strategic angel investors to meet customer demand and grow market share Portland, ME, December 8, 2021 — HighByte®, an industrial software company, today announced the close of its series seed funding round. The fully subscribed round raised $3.5 million in new capital to fuel the company’s next phase of growth. The round was led by the family offices of Seth and Cindy Lawry and Soren and Caroline Oberg. Mr. Lawry and Mr. Oberg served together as long-time partners at Thomas H. Lee Partners, a Boston-based private equity firm. The lead investment team was joined by CEI Ventures, Maine Venture Fund, Momenta Ventures, and several angel investors. Funds will be primarily allocated across R&D, sales, marketing, and customer success to accelerate market penetration and expand deployments within existing accounts.