Portfolio Company Aperia Technologies Raises New Round of 16M

Aperia, who we invested in during 2011, has raised a new round of $16M. The funding was co-led by Municipal Employee Retirement System (MERS) of Michigan and eLab Ventures. eLab Ventures has a strong focus on transportation and mobility.  Aperia markets a revolutionary automatic tire inflation system for trucks & trailers that bolts-on in minutes. It provides increased fuel efficiency & extended tire life. Funds will be used primarily to invest in sales and marketing infrastructure and expansion of customer support operations in response to continued customer adoption across industry segments. You can see the press release here.

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