Lassen Peak completed debt and equity financings totaling over $10 million. The financings were led by Structural Capital, a Menlo Park, California growth-focused venture and private credit firm. In addition to Structural Capital’s venture debt financing, existing shareholders provided additional capital to support the company’s introduction of an integrated handheld radar system for concealed weapon detection. Along with Structural Capital, notable investment firms included AI Capital Partners, Lauder Partners, LionCrest Ventures, Madrona Ventures, Octave Ventures and other strategic investors, such as Axon Enterprises, a company in public safety technologies.
“Lassen Peak contains the elements of a potential unicorn break-out company, able to define an important new category of product within law enforcement, military and private sector markets, worldwide. We’re excited to support the company’s growth and expansion,” Kai Tse, co-founder and managing partner of Structural Capital, said.
“We welcome the tailored capital solutions offered by the Structural Capital team, and with the collective support of existing investors, we look forward to completing Lassen Peak’s charter product and delivering on the vision of reducing use-of-force while increasing trust and safety in public safety applications,” Hatch Graham, CEO and chairman of the board for Lassen Peak, said.
